ECB VP says crypto has weak fundamentals and is not a real asset amid 30% dip
European Central Bank vice president Luis de Guindos is expecting more sudden price swings for cryptocurrencies as the market sheds $750 billion in a week. Luis de Guindos, vice president of the European Central Bank, has dismissed the value proposition of cryptocurrencies as investment assets.Speaking to Bloomberg TV, the ECB vice president remarked that crypto should not be seen as a real investment. “When you have difficulties to find out what are the real fundamentals of an investment, then what you’re doing is not a real investment,” de Guindos argued, adding:“This is an asset with....
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