Bitcoin (BTC) will soon embark on “a journey to irrelevance,” and is mostly used for illegal purposes, the European Central Bank (ECB) has claimed. But according to one on-chain expert, the claim does not hold water. Writing in a blog post published on Wednesday, the ECB said “bitcoin is rarely used for legal transactions,” and called the network “cumbersome, slow and expensive” to make payments on.... Read More: European Central Bank Says ‘Bitcoin is Rarely Used for Legal Transactions’, This On-Chain Data Suggests Otherwise
