ECB Officials Question Bitcoin's Value Amid ETF Surge
ECB Officials Remain Skeptical Amid Bitcoin ETF Surge The recent approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission has sent ripples through the cryptocurrency market, yet not all financial authorities are convinced of its significance. Two European Central Bank (ECB) officials, Ulrich Bindseil and Jürgen Schaaf, have voiced their skepticism regarding Bitcoin's value, despite the burgeoning interest and investment flowing into these ETFs. Their perspective raises critical questions about the sustainability of Bitcoin's current momentum and its long-term viability as an asset class. Key Points from the ECB Officials ETF Approval Ignored : Bindseil and Schaaf assert that the approval of 11 spot Bitcoin ETFs, which have already amassed over $3 billion in net flows, does not alter their stance on Bitcoin's valuation. They maintain that its fair value remains at zero. Investment Safety Questioned : While advocates of Bitcoin herald the ETF appr
