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Bitcoin is not real, and any purchase amounts to speculation, says ECB’s ex-chief as he pours cold …

Former head of European Central Bank pours cold water on bitcoin

Trichet’s comment echoes the concern shared by global central banks about the threat posed by cryptocurrencies, many of which are created with the stated mission to use anonymity to decentralise currencies, disrupt the global financial system and disintermediate monetary authorities from controlling the value of money.