The European Central Bank (ECB) had declared Bitcoin ‘dead’ just a month ago calling it a “failed” decentralized digital currency. The ECB has published a blog stating that BTC was decentralized. “hardly used for legitimate transfers” And criticized U.S. Securities and Exchange Commission for approving Bitcoin ETF.
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Bitcoin’s value increased after the SEC approved Bitcoin ETF mid-January of this year. Trillion-dollar financial Institutions like BlackRock Greyscale and Fidelity. BTC ETFs are being offered by a number of institutions. Read here To know all the institutions that offer Bitcoin ETFs.
The European Central Bank is the next stop. published a blog titled ‘ETF approval for Bitcoin – The naked Emperor’s new clothes‘. Bitcoin was also referred to by the ECB as a fraudulent currency heavily manipulated. “The history of Bitcoin has been characterized by price manipulation and other types of fraud,” The blog is read.
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Bitcoin’s price has risen by another $22,300 since the European Central Bank declared BTC dead
When the ECB announced its demise on February 24th, 2024, Bitcoin’s leading currency was valued at $51,304. BTC’s price has steadily climbed by $22,300, and reached an all time high of $75,522 in Thursday.
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Also, they criticized the SEC’s decision to approve the BTC-ETF. “misjudgment” Made by financial authorities. BTC has also begun printing higher all-time levels this month as fearmongering reaches its peak.
BTC has been the subject of several obituaries. financial The cryptocurrency always rises from the ashes, despite the efforts of banks and thought-tanks. Investors believe that the blockchain is unalterable, so it’s a force they can’t tame. The digital asset market gains trust as investors view it as a viable alternative to existing financial systems. financial sector.
“This article is not financial advice.”
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Source: watcher.guru