“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.”
Vítor Constâncio, Former ECB Vice President · Bitcoin since: +1,684%
As published by Bloomberg
ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip ↗