Bitcoin is a sort of tulip. It’s indeed an instrument of speculation for those that want to bet on something that can go up and down 50% or 40% in a few days but certainly not a currency, and certainly we don’t see it as a threat to central banking or monetary policy, that’s for sure.
ECB'S CONSTANCIO SAYS BITCOIN ISN'T A CURRENCY, IT'S A TULIP
Former ECB Vice President
Source: Bloomberg