Bundesbank says no euro zone cryptocurrency in sight

[Kargai]

 Bundesbank board member Carl-Ludwig Thiele has ruled out the introduction of official digital money for the euro zone and warned of losses from investments in cryptocurrencies such as bitcoin, according to a German newspaper.

As we know, Europe usually follow what USA did some weeks or months ago, especially when it came to banks and financial matters. No exception this time, the Bundesbank (one of the biggest european bank) just do the same as Jamie Dymon few time ago.

I'll not be surprise to see some projects launch in the next few months, they are probably already working on it and just say that to scare people while they are buying load of cryptos themselves

Source : https://www.reuters.com/article/us-global-bitcoin-eurozone-germany/bundesbank-says-no-euro-zone-cryptocurrency-in-sight-idUSKBN1EH0DH

 

[Snike]

In Germany a lot of big banks and finance/investing businesses are into crypto but hide it from the public to keep the profit for themselves. I'm not sure why this is a thing but I am 100% certain the bundesbank is into crypto too. 

From my personal experiences into crypto stuff. There is almost nothing you can buy with bitcoin in a physical german store. So the "developement of btc" isnt that big yet in Germany... But it'll come

[Franchico03]

49 minutes ago, Snike said:

There is almost nothing you can buy with bitcoin in a physical german store

The same in Brazil, also many banks are doing those investments, that's one of the reasons that I think the bitcoin will not decrease that much, those "BIG GUYS" do not want to lose money, so they will do everything to keep their profit, also new projects and investments on crypto area

 

Best wishes,

Have a nice day and happy holidays to you and your family