ECB's Constancio Says Bitcoin Isn't a Currency, It's a Tulip
Why Demand for Cryptocurrencies Is on the Rise
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European Central Bank Vice President Vitor Constancio laughed off any concern that bitcoin might challenge his institution’s control of euro-area money.
Speaking on a panel that included Dutchmen Steven Maijoor, chair of the European Securities and Markets Authority, and Lex Hoogduin, chairman of LCH Clearnet, the ECB official jokingly drew a parallel with a 17th-century bubble.