EU about ETF and Bitcoin

[babo]

EU https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240222~0929f86e23.en.html
italian article: https://www.ilsole24ore.com/radiocor/nRC_22.02.2024_13.59_46210462

simple embarassing about these kind of pseudo articles

[paid2]

simple embarassing about these kind of pseudo articles

Ok but why sharing them so?

Indeed, articles about EU market in the cryptocurrencies field are often very poor..

[Stompix]

simple embarassing about these kind of pseudo articles

It's not really an article and more an opinion piece!
Unfortunately it's the opinion of a director of a department in the ECB and one advisor, who could have done a way better job by shutting up.

But it the end, you will never have everyone cheering for Bitcoin, after all that would be way weirder, no matter the system, the protocol, the device, the person, there will be someone who doesn't like them, from credit cards to smartphones to medical procedure or air travel, even if they are accepted as normal by the majority of the population.

[babo]

simple embarassing about these kind of pseudo articles

Ok but why sharing them so?

Indeed, articles about EU market in the cryptocurrencies field are often very poor..

i am sharing because know how politicians move is important when you going to vote
I don't like hiding my head in the sand like ostriches
I prefer to know what they think, even if they think absurd things

of course my opinion

[Peter90]

i am sharing because know how politicians move is important when you going to vote
I don't like hiding my head in the sand like ostriches
I prefer to know what they think, even if they think absurd things

well said babo

[babo]

thank you so much @peter90

we try to understand the movement of the "enemy" ahaha

[Peter90]

thank you so much @peter90

we try to understand the movement of the "enemy" ahaha

...  solo, la prossima volta quota uno o due paragrafi dall'articolo, per esempio la conclusione,
cosí uno capisce subito di che cosa si tratta

stammi buono
viva il belpaese 

[babo]

thank you so much @peter90

we try to understand the movement of the "enemy" ahaha

...  solo, la prossima volta quota uno o due paragrafi dall'articolo, per esempio la conclusione,
cosí uno capisce subito di che cosa si tratta

stammi buono
viva il belpaese 

ok va bene
next time i quote a little or "better" part of article

[bitterguy28]

simple embarassing about these kind of pseudo articles

It's not really an article and more an opinion piece!
Unfortunately it's the opinion of a director of a department in the ECB and one advisor, who could have done a way better job by shutting up.

well are we really surprised that a central bank thinks of bitcoin like this? of course not bitcoin is a direct competitor / threat to them after all but since they are a centralized company more people will read this and think that yes indeed they are correct because this bank must be reliable and credible

but i don’t think banks should be sharing think pieces like this about specific currencies it is not like crypto is mainly used for illicit activities as they say that they need to “warn” people about it

But it the end, you will never have everyone cheering for Bitcoin,

the best we can hope for is that these people who do not like bitcoin at least do their research properly and dislike bitcoin for an actual reason and not from hearsay or misinformation

[NotATether]

well are we really surprised that a central bank thinks of bitcoin like this? of course not bitcoin is a direct competitor / threat to them after all but since they are a centralized company more people will read this and think that yes indeed they are correct because this bank must be reliable and credible

but i don’t think banks should be sharing think pieces like this about specific currencies it is not like crypto is mainly used for illicit activities as they say that they need to “warn” people about it

Oh, the banks themselves stand a lot to gain by on-boarding bitcoin-related transactions and getting into ETFs and things like that. They could get millions of dollars from that activity. It's the people who run those banks who have a bias against crypto, and thus avoid doing any of that or even allowing any such transactions by their customers entirely. Remember when Vanguard publicly stopped people from buying Bitcoin ETFs? (and then they relented when it became clear all their competitors were making money from it.)

[TomPluz]

Oh, the banks themselves stand a lot to gain by on-boarding bitcoin-related transactions and getting into ETFs and things like that. They could get millions of dollars from that activity. It's the people who run those banks who have a bias against crypto, and thus avoid doing any of that or even allowing any such transactions by their customers entirely.

You are right. Many banks even including those famous and big ones are now starting to see the potential of Bitcoin and cryptocurrency for them to make money from. And banks are actually looking for ways on how to conquer more markets and get more profits as possible. When these bank people will realize the mistake of not joining the party, they would be making a turnaround on their strong stand and opinion on Bitcoin. I am sure that is coming but of course we can see some resistance and that is just normal as many of the friends of Bitcoin right now were once "enemies" before.

[MrSpasybo]

You are right. Many banks even including those famous and big ones are now starting to see the potential of Bitcoin and cryptocurrency for them to make money from. And banks are actually looking for ways on how to conquer more markets and get more profits as possible. When these bank people will realize the mistake of not joining the party, they would be making a turnaround on their strong stand and opinion on Bitcoin. I am sure that is coming but of course we can see some resistance and that is just normal as many of the friends of Bitcoin right now were once "enemies" before.

In the early days of crypto, banks dismissed BTC, believing it would soon fail and disappear.

As BTC gained significant traction, these same banks became alarmed and sought to undermine it. Despite negative press, BTC continued to reach new ATH.

With widespread national adoption, banks began to see the market as a lucrative opportunity and sought to participate.

While everyone is entitled to their opinion, it's their actions over time that truly matter. In this case, BTC value is not determined by the ECB stance.

[KingsDen]

EU https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240222~0929f86e23.en.html
italian article: https://www.ilsole24ore.com/radiocor/nRC_22.02.2024_13.59_46210462

simple embarassing about these kind of pseudo articles

I thought you atleast paste the heading or introduction of the article to enable us decide whether to open the link or not. Now I have opened and read the crap, what next? Maybe I should start crying that bitcoin has failed.

[Bobcrypto]

You are right. Many banks even including those famous and big ones are now starting to see the potential of Bitcoin and cryptocurrency for them to make money from. And banks are actually looking for ways on how to conquer more markets and get more profits as possible. When these bank people will realize the mistake of not joining the party, they would be making a turnaround on their strong stand and opinion on Bitcoin. I am sure that is coming but of course we can see some resistance and that is just normal as many of the friends of Bitcoin right now were once "enemies" before.

In the early days of crypto, banks dismissed BTC, believing it would soon fail and disappear.

As BTC gained significant traction, these same banks became alarmed and sought to undermine it. Despite negative press, BTC continued to reach new ATH.

With widespread national adoption, banks began to see the market as a lucrative opportunity and sought to participate.

While everyone is entitled to their opinion, it's their actions over time that truly matter. In this case, BTC value is not determined by the ECB stance.

Yes, many of the Bitcoin critics, even some financial institutions, organizations, companies, banks are now the campaigners of Bitcoin even JP Morgan, others are now crypto friendly companies.
The world is fill with good and bad. Good and bad are some of the characteristics nature of Man. It difficult for many people to stand the text of time  You will hear one statement  today, and the next day, you hear another ugly ones from different people, there are men that are unstable.
Now, many institutions want to be part of the bitcoin community, however, this will further boost cryptocurrency developments.

[bitterguy28]

Now, many institutions want to be part of the bitcoin community, however, this will further boost cryptocurrency developments.

yes the more people or institution get interested in joining bitcoin, those who will not join bitcoin will end up as losers because they will be the ones that will be left behind while others who involved themselves with crypto would reap out the benefits and see their companies move forward

soon they would have no choice but to use or adapt bitcoin because they will be the only ones left not to while the rest of the world sees the potential and benefits of bitcoin