Freezy on Nostr: President of the German Bundesbank equates #bitcoin to digital tulips .. in 2025. ...
President of the German Bundesbank equates #bitcoin to digital tulips .. in 2025. Below a summary of the bitcoin snippet of the interview:
Q: Are central banks’ warnings about Bitcoin being ignored as some banks plan to offer crypto services?
A: We need a more critical debate. Bitcoin is like the 17th-century tulip mania—prices soared, then the bubble burst. It’s a speculative “digital tulip.”
Q: What about the FDP’s idea to include Bitcoin as a currency reserve?
A: This is worrying. A currency reserve must be safe, liquid, and transparent. Bitcoin meets none of these criteria.
Q: Is the crypto industry too powerful to regulate effectively?
A: The EU’s MiCA regulation addresses this, especially for stablecoins. But buyers must understand the risk. I’ve warned against these speculative assets.
Q: Are central banks’ warnings about Bitcoin being ignored as some banks plan to offer crypto services?
A: We need a more critical debate. Bitcoin is like the 17th-century tulip mania—prices soared, then the bubble burst. It’s a speculative “digital tulip.”
Q: What about the FDP’s idea to include Bitcoin as a currency reserve?
A: This is worrying. A currency reserve must be safe, liquid, and transparent. Bitcoin meets none of these criteria.
Q: Is the crypto industry too powerful to regulate effectively?
A: The EU’s MiCA regulation addresses this, especially for stablecoins. But buyers must understand the risk. I’ve warned against these speculative assets.