Rise or fall, bitcoin brings “harm” to society, considers the ECB

They also criticize Satoshi Nakamoto’s understanding of e-commerce. According to the authors, Bitcoin poses a “danger” to democracy. Analysts from the European Central Bank (ECB) published an aversive document towards bitcoin on October 12, where they consider it a “harmful” financial asset for society. The document, called “The distributional consequences of Bitcoin,” says that even…

21 banks cut interest rates

This is the largest rate cut since the COVID-19 pandemic. In such a scenario, bitcoin can stand out as an investment and store of value asset. Globally, there is a trend of cuts in interest rates, which represents an injection of liquidity to the economy and also to the financial markets. According to the count…