Bitcoin Lacks Monetary Properties and Is ‘Pure Speculation,’ Says Ex-ECB Chief

Bitcoin Lacks Monetary Properties and Is ‘Pure Speculation,’ Says Ex-ECB Chief – BeInCrypto

Like many representatives of the current financial system, the former European Central Bank (ECB) president is not so keen on Bitcoin. Jean-Claude Trichet dismisses cryptocurrency as “pure speculation.” Hardly a revelation, but it turns out that those most deeply entwined with the global banking system are generally not on board with the current experiment in decentralized finance that is cryptocurrency.