Analyst PlanB responded to the ECB’s comments on Bitcoin on social media, saying that Bitcoin is to (central) banks what email is to the post office, Internet browsers are to newspapers, and mp3/mp4 is to the music and film industries Impact.
New technology will render old technology irrelevant. BTC = No need for a (central) bank for money supply management, account creation, transactions.
The ECB stated that Bitcoin is neither suitable as a payment system nor as a form of investment, so it should be considered unsuitable in terms of regulation and therefore should not be legalized.