ECB Adviser Challenges Bitcoin Reserves in U.S.

An ECB advisor has weighed in on the possibility of national Bitcoin reserves, echoing concerns about the asset’s practical value and suitability for central bank use. Jürgen Schaaf argues that Bitcoin, unlike essential resources like oil and gas, doesn’t serve a clear economic purpose and its volatility makes it unsuitable for reserve status. He emphasizes that strategic reserves are designed to stabilize markets during crises, not fuel speculation, as Bitcoin would do.