The European Central Bank (ECB) is raising its tone against Bitcoin ⚠️ and no longer rules out the idea of a complete ban on the Old Continent. In a shocking report published in October 2024, the institution condemns the functioning of the king of cryptos: according to it, early holders unfairly profit from new entrants, creating a system close to a pyramid scheme 🧱.

But that's not all. The ECB also criticizes the massive ecological footprint of Bitcoin 🌍, pointing out its high energy demand related to mining ⚡. It even goes so far as to deny its status as a currency or serious investment asset, labeling it as a purely speculative asset 🎲 with no concrete utility.