The European Central Bank (ECB) released a financial review report on Wednesday discussing potential financial instability that could spillover from the US markets. The same report also discussed the volatility in the crypto market but insisted Bitcoin has eclipsed the Bubble phase and is no longer behaving like previous financial bubbles such as ‘Tulip Mania’ and the South Sea Bubble. An excerpt from the financial report read,
“The surge in Bitcoin prices has eclipsed previous financial bubbles like the ‘tulip mania’ and the South Sea Bubble in the 1600s and 1700s.”
The Financial Stability Review report however further claimed that despite the growing popularity of Bitcoin and other digital assets, they are not a widely used form of payment, and banks around the globe have less exposure to these assets, thus they pose no significant threat to the financial stability.
Bitcoin this bull season has managed to win back many former critics with its price rise as well as aggress
Źródło: https://coingape.com/ecb-report-says-bitcoins-progress-eclipsed-bubble-like-behaviour/
