ECB’s Fabio Panetta Criticizes Bitcoin’s Lack of Intrinsic Value and Environmental Impact

Fabio Panetta, a member of the European Central Bank’s Governing Council, has recently voiced strong criticisms toward Bitcoin and Ethereum during a conference held in Rome. Panetta argues that these leading cryptocurrencies lack intrinsic value and are unable to fulfill monetary functions effectively. He further highlighted concerns regarding the adverse environmental impacts of Bitcoin mining

Source: CoinOtag