“Since Bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised. Similarly, the financial industry should be wary of the long-term damage of promoting Bitcoin investments - despite short-term profits they could make (even without their skin in the game). The negative impact on customer relations and the reputational damage to the entire industry could be enormous once Bitcoin investors will have made further losses.”
Ulrich Bindseil, Director General of Market Infrastructure and Payments, European Central Bank · Bitcoin since: +386%
A little perspective.
Bitcoin on that day$16,445November 30, 2022
$100 at that price$486.06At our latest price check
Illustrative value using a Bitcoin price of $79,932, checked Oct 29, 2026, 6:57 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Ulrich Bindseil appears in 2 recorded obituaries. 27 declarations were recorded in 2022.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin's Last Stand” — Ulrich Bindseil, ECB, November 30, 2022. Bitcoin: $16,444.98. https://bitcoindeaths.com/posts/2022-11-30-bitcoins-last-stand