While the SEC's spot Bitcoin ETF decision was awaited, a Bitcoin statement came from European Central Bank (ECB) Board Member Isabel Schnabel.
Sharing from account X, Schnabel said that Bitcoin is a speculative asset that does not meet the ECB's criteria for foreign reserves.
“The objectives for the management of the ECB's foreign exchange reserves are liquidity, security and returns.
At this point, Bitcoin is a speculative asset that does not meet the ECB's criteria for foreign reserves.
It is unlikely that the ECB will buy Bitcoin.
The ECB's foreign exchange reserves portfolio consists of the US dollar, Japanese yen, Chinese renminbi (CNY) and gold. “
🇪🇺@Isabel_Schnabel: The objectives for the management of the ECB’s foreign reserves are liquidity, security and returns. Bitcoin is a speculative asset that does not meet our criteria for foreign reserves. More here: https://t.co/bithdppYvW #AskECB https://t.co/Ig5u1CRsBL
— European Central Bank (@ecb) January 10, 2024
*This is not investment advice.
