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The European Central Bank (ECB) posted 75 articles about Bitcoin in the last year alone - and it's cheap propaganda

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by COINS NEWS 127 Views

The European Central Bank (ECB) posted 75 articles about Bitcoin in the last year alone - and it's cheap propaganda

Every time they have to avoid a popular topic like inflation or rate hikes, they come up with press conferences about Bitcoin losing relevance and how slow and expensive it is. 75 articles and almost all of them obvious propaganda.

https://preview.redd.it/t38ooqmzvc3a1.jpg?904&format=pjpg&auto=webp&s=de115e8350d804f62f3a99cc1b07a2598da9ba49

75 articles bashing an 'irrelevant' currency?

Bitcoin is rarely used for legal transactions

You have no guarantee that you will be able to exchange them for money when you need to.

If it’s not a currency, what is it? Bitcoin is a speculative asset. In other words, it is something that you can gamble on to make a profit, but with a risk that you will lose your investment.

Truth is, citizens aren't very excited about the ECB's digital Euro, so the ECB must come up with a new narrative. It's complicated though - bashing one digital currency while keeping the sentiment positive towards digital currencies in general.

Their website reads like a propaganda pamphlet made for children in communism telling them about how bad capitalism is. I know how that sounds like, because I've seen it.

https://preview.redd.it/z8r38661yc3a1.png?709&format=png&auto=webp&s=bcb75f379d5d295f2a84eb5d24be61a5f034deea

https://preview.redd.it/snspjqw1yc3a1.png?699&format=png&auto=webp&s=85cbbaf1a1323423684c5d44be60fcc8acf963e3

https://preview.redd.it/kbir0oj2yc3a1.png?694&format=png&auto=webp&s=3df8c7034c96650335801e7382f5bc378952c0a3

https://preview.redd.it/irjow4m3yc3a1.png?707&format=png&auto=webp&s=5eeece0ffcd3fb59a31582702c777160e47fde37

Sorry for the rant. It makes me angry and it's also funny at the same time.

submitted by /u/Tavionnf
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