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❕NEWS European Central Bank President: Central Banks Will Not Buy Bitcoin (BTC)

aryan4

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European Central Bank (ECB) President Lagarde said central banks will not hold Bitcoin (BTC) in the near future. According to Lagarde's latest statement, Bitcoin is not real money and central banks are not considering holding Bitcoin reserves in the near future.
Do you believe central banks can one day hold Bitcoin in reserves?
 
That depends if they want to, but I believed many will do when they realize that there much to gain in keeping bitcoin as a reserve. They should do it now before it is too late.
 
What's really the problem of central bank of different regions worth BTC. I can't say never with btc. They might hold tomorrow after all these talks that doesn't just hold water
 
If you ask me, I'd say that all governments and government institutions should not interfere with bitcoin and altcoins, as their interference is against the very nature of cryptocurrency which is decentralized.
 
If you ask me, I'd say that all governments and government institutions should not interfere with bitcoin and altcoins, as their interference is against the very nature of cryptocurrency which is decentralized.
This is why we are having all these bans, they are looking for a way to gain control I'm sure. Since they are the apex banks of a country they believe everything should start and stop with them
 
European Central Bank (ECB) President Lagarde said central banks will not hold Bitcoin (BTC) in the near future. According to Lagarde's latest statement, Bitcoin is not real money and central banks are not considering holding Bitcoin reserves in the near future.
Do you believe central banks can one day hold Bitcoin in reserves?
As he mentioned, not in the near future. Unlike fiat currency and gold, cryptocurrency is not fit for the banking sector, which relies heavily on stability.

Also, its going to be tough to control it.
 
This shirt not be new to cryptocurrency enthusiasts at all. No government or banking sector will like Bitcoin.

Its a threat to the control they have over other people's finances.
 
This shirt not be new to cryptocurrency enthusiasts at all. No government or banking sector will like Bitcoin.

Its a threat to the control they have over other people's finances.
Yes, I agree with what you said. In particular, the central banks of countries will never want to accept it, and they make very clear statements on this issue. I think they know very well that they can't control it.
 
They are not under any obligation to hodl bitcoin but they should desist from making it difficult for those interested in hodling and transacting with it.
That's my point exactly , business anywhere is a risk, they should allow the masses take the risk if we lose fine but not them trying to gain control and hinder one from trying
 
What's really the problem of central bank of different regions worth BTC. I can't say never with btc. They might hold tomorrow after all these talks that doesn't just hold water
They are right , Bitcoin is not money that is a fact we should know but a trending asset that has great store of value because the limited nature of the coin and the high buying pressure of the coin
 
Well everything is subject to time. When the appropriate time comes,they will embrace crypto starting with Bitcoin. The liquidity issues of crypto needs to be solved first.
 
Ofcourse , it is not normal for the central bank to buy bitcoin because it is an indication that they do not have faith in the fiat currency of the country
 
Majority of government have nothing to deal with bitcoin because of the unstable price of bitcoin, if they buy Bitcoin or not it may not initiate to the coin price except for private sectors
That's the fear of many investors and financial institutions. Bitcoin as a crypto token is volatile in nature so can dump at will. Once this is resolved, it'll remove the uncertainty hanging around crypto.
 
I don't think so, that any central bank of a country will hold BTC for the future. AT least not for now. But who knows about the future. If any country legalise BTC as legal tender like EL Salvador then it can happen.
 
Well no one is forcing them to buy bitcoin and whatever they say Cryptocurrency is most useful to the ordinary people i hope it stays that way without them interfering
 
Well no one is forcing them to buy bitcoin and whatever they say Cryptocurrency is most useful to the ordinary people i hope it stays that way without them interfering
Yes,I think the masses have found a voice in crypto and it'll be difficult to stop them from engaging in it. There are crypto holders even in countries where it is banned.
 
the fact is that the Central Bank will not like to place it on their reserve since they don't really support the project ,and they consider it's as a threat
 

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