Those who don’t have Bitcoin will become poor, says the European Central Bank
A new study published by the European Central Bank (ECB), led by economists Ulrich Bindseil and Jürgen Schaaf, provides a hard-hitting analysis of the economic impact of Bitcoin and its potential negative consequences for society.
The report appears to be a declaration of war against the digital currency, stating that the original promise of Satoshi Nakamoto, creator of Bitcoin, to transform the cryptocurrency into an efficient global payment tool, has not been fulfilled.
Instead, says the ECB, Bitcoin has become a ‘speculative’ asset, with negative impacts on the redistribution of wealth.
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