Recent Calls for a Digital Euro Bolster the Bitcoin Bull Case

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Bitcoin has been undergone the spotlight over the past few months and years due to some fearing it will contest traditional currencies. Central banks seem to be firing back with their own central bank digital currency projects. Ironically, analysts say that the introduction of CDBCs could end up strengthening Bitcoin. Calls for a CBDC Bolster the Bitcoin Bull Case, Analysts Say Recently, European Central Bank President Christine Lagarde confirmed that the European Union’s central bank is looking into a digital euro. She recently wrote on Twitter: “We’ve started exploring the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it.” We’ve started exploring the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the…

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