European Central Bank predicts cryptocurrencies irrelevant after FTX collapse, Euro price down 80% against BTC

From Investing.com

November 15, 2024 3:00:19 pm:

European Central Bank (ECB) predicts irrelevance for all cryptocurrencies post-FTX collapse. Euro price has lost 80% against Bitcoin (BTC) since ECB’s scary report. Charles Edwards mocks ECB’s prediction, believes fiat currencies will fail. Edwards’ Bitcoin Energy Value Model predicted $100,000 for BTC in 5 years, close to reality as BTC hits over $93,000 this week.

ECB remains anti-crypto despite BTC hitting new highs. ECB advisors believe BTC is on borrowed time, call for its elimination. BTC’s bullish performance in Q4, 2024 fails to sway ECB. ECB warns of deepening societal division due to BTC popularity. Jürgen Schaaf calls for Bitcoin to be eliminated to prevent draining liquidity and reducing purchasing power of traditional currencies.

Read more at Investing.com: EUR/BTC Down by 80% Since This Scary ECB Prediction for Crypto By U.Today