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Fear, Uncertainty and Central Banks: Challenging Bias in the ECB's Bitcoin Analysis
Description
In this episode, we present the full audio version of Bitcoin Policy UK’s commentary on the European Central Bank’s working paper “The distributional consequences of Bitcoin” by Bindseil and Schaaf.
This detailed critique, co-authored by Freddie New, Chief Policy Officer at Bitcoin Policy UK, together with Satoshi Action Education and Axiom, explores:
- Misrepresentations of Bitcoin’s purpose and evolution
- Flawed assumptions about wealth concentration, productivity, and speculation
- The ECB’s promotion of CBDCs as an allegedly superior alternative
- The inappropriate political framing of Bitcoin as a threat to public order
- How Bitcoin enables financial inclusion, capital efficiency, and innovation
The paper also addresses key risks posed by centralised alternatives like CBDCs and raises concerns about the neutrality and intent of central bank authors with a vested interest in state-controlled digital currencies.
📘 Read the full article here:
Challenging Bias in the ECB’s Bitcoin Analysis
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