Post by Fabian Friedrich

In a shocking turn of events, the European Central Bank announced overnight that they will be backing the #Euro with #Bitcoin. This decision also means that Central Bank Digital Currencies (#CBDCs) are no longer in the game, as Bitcoin is now the new ground layer for the new European monetary system. The announcement is a surprise, especially given #ECB President Christine Lagarde's previous criticism of cryptocurrencies. Is this a bold and exciting change in the global financial landscape? Read on to find out more!