​Bitcoin Analyst Challenges ECB’s Rejection of BTC as Reserve Asset

Lucien Bourdon, a Bitcoin analyst at Trezor, has criticized the European Central Bank’s (ECB) decision to reject the Czech Republic’s proposal to include Bitcoin in bank reserves. ECB President Christine Lagarde argued that reserves must be "liquid, secure, and safe," deeming Bitcoin unsuitable.

Bourdon challenged this stance, highlighting Bitcoin’s transparency compared to traditional banking, where financial crimes and money laundering remain prevalent. He questioned why the euro itself isn’t scrutinized under the same criteria.

He also refuted Lagarde’s claim that Bitcoin lacks liquidity, pointing out that it trades 24/7 without intermediaries, making it one of the world’s most liquid assets. In contrast, he noted, the euro depends on a complex system requiring constant intervention to maintain stability.

Addressing concerns over volatility, Bourdon argued that central banks have undermined their own currencies through relentless stimulus, bailouts, and interest rate manipulation. He suggested that the real issue isn't Bitcoin’s stability but the ECB’s lack of control over it. Unlike fiat currencies, Bitcoin operates on a decentralized system, free from central bank influence, which he believes is the real reason for its rejection.

Bourdon’s critique underscores the growing debate over Bitcoin’s role in global finance. As digital assets gain adoption, resistance from central banks may stem more from their inability to manipulate Bitcoin rather than concerns over its viability.