The European Central Bank says Bitcoin’s “fair value” is still zero.

ICYMI, a post from two ECB officials on BTC that doesn't make a compelling recommendation:

One or two excerpts:

• We… reiterate that the fair value of Bitcoin is still zero.
• For society, another Bitcoin boom-bust cycle is a bleak prospect. And the collateral damage will be enormous, including environmental damage and the eventual redistribution of wealth at the expense of less sophisticated people.
• Bitcoin has failed to fulfill its original promise of becoming a global decentralized digital currency.
• Bitcoin's second promise, that it would be a financial asset whose value would inevitably continue to rise, was equally false.

Check out the full article at the link above. Price Action argues that BTC has something to offer!

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