The Director of Market Infrastructure and Payments at the European Central Bank (ECB), Ulrich Bindseil, and senior management consultant Jürgen Schaaf have jointly released a paper on Bitcoin. The paper states that Bitcoin has failed to become a global means of payment and has instead become an investment asset, unable to create productivity. The price increase of Bitcoin is seen as a zero-sum game, leading to wealth redistribution.
ECB Experts Criticize Bitcoin Prosperity for Early Investors Poverty for Latecomers