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The Crypto Community criticized Christine Lagard, the President of the European Central Bank, for opposition to Batcoin (BTC) reserves among Member States.
In the recent Lagarde presses specified,,
“The reserves must be liquid, safe and safe and not torturing suspicion of money laundering or criminal activity. As a result, I am convinced that Bitcoin will not enter the reserves of any of the Central Banks of the General Council. ”
However, the community quickly opposed its argument, stating that Bitcoin fills out all the criteria she pointed out.
Andre Dragosch, head of research at Batwise Europe, noted that BTC is current than the highest quality traditional property (S&P 500). He specified,,
“Is Bitcoin Liquid? SPDR S & P 500 ETF (SPY) – Square about $ 22 billion in volume daily. Bitcoin had $ 54 billion in the volume of trading in the last 24 hours.”
For safety, miners provide BTC, the most common network without the risk of the other side. Dragosch added that someone would need an increase of $ 20 billion to corrupt the BTC system, making it a relatively safer option.
In terms of criminal activity, cryptocurrencies made up less than 1% of cases associated with crime, according to a report on the chain chain 2024. The analyst added,
“Only 0.14% of all chain transactions are associated with illegal activities, including money laundering. Bitcoin is just a fraction of it. ”
Source: Chainlysis
Second user, Daniel Sempere, echoed Dragosch’s feeling, repeating that the Bitcoin network provides 2T in wealth and never hacked.
It is worth noting that Lasrarde’s comment was related to the recent Czech Republic move To diversify your National Reserve by adding a BTC.
Earlier in the week, the Czech Governor of the Central Bank, Ales Michl, reiterated the intention of the bank to add BTC to his reserves if approved.
Whether Michl will return to BTC after Lynter’s caution remains to be seen. Meanwhile, the prospect of Polymarket of another country accepted by BTC briefly increased +70%.
Source: Polymalan cane