BERLIN In an interview with German daily Die Welt, he said that the top European currency watchdog was scaremongering about Bitcoin “so that we can accept the digital euro as an ‘alternative’ when it comes along”. But the proposed new currency is the opposite of Bitcoin.The digital euro is often sold as an officially approved Bitcoin alternative, but it is not: “The digital euro is centralized, its future and monetary policy is uncertain and is decided by a council, just like the analog euro.”

On the other hand, with Bitcoin “everything is transparent and fixed”. The digital euro will also not be as open as Bitcoin. “But above all: It will not protect our privacy, as cash is currently doing.” The new ECB digital currency is “unfortunately a further step towards surveillance”. … The financial expert believes the reason for the interest in Bitcoin is actually because of the nefarious policy of the central bank.