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Analyst Tuur Demeester warns that the report’s negative portrayal of Bitcoin could justify harsh ECB Bitcoin regulation, including potential bans.
The ECB paper, “ Distributional Consequences of Bitcoin ,” has undoubtedly created controversy among most cryptocurrency advocates.
The report's focus on distributional inequality is a “luddite argument” since it ignores technological importance of Bitcoin .
The paper reflects a growing recognition among central banks of potential threat from decentralized crypto to TradFi .
Bitcoin 's protagonists and detractors are still clashing in a continuous, intense battle against the implications Bitcoin couldy have for economics and society.
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