European Central Bank Deems Bitcoin a "Speculative Asset," Prefers Digital Euro
The European Central Bank (ECB) remains cautious about Bitcoin, considering it a speculative asset lacking intrinsic value. ECB Executive Director Isabel Schnabel emphasized the risks and volatility associated with Bitcoin. The ECB's focus is on developing a digital euro, set to launch in 2026, aiming to provide a secure and efficient means for daily payments while maintaining privacy standards and regulatory control. Schnabel clarified that the digital euro would coexist with paper money and is not intended to replace it.
Huang Bo
