Cryptophilia Vs Cashphobia – Austrian Economics Monthly
The joint venture project Austrian Economics Monthly webinar was on The ECB’s Cryptophilia and the EU’s Cashphobia.
The impact of cryptocurrencies, the digital euro hypothesis, the role of the European Central Bank (ECB) and cashless. These are the main topics of the online conference that was held on Thursday 25 February on the Zoom platform. The event was attended by Hans Olaf Henkel former member of the European Parliament in the ECR group, Martin Gundinger Senior Research Fellow at the Austrian Economics Center, Thorsten Polleit Chief Economist of Degussa and the president of Competere Pietro Paganini as moderator.
In beginning Hans Olaf Henkel explained how there is an almost sexual attraction for cryptocurrencies that pushes citizens to approach bitcoins and the like, but it must always be remembered that this is a safe technology but not without risk. “Proof of this is the great loss suffered by Elon Musk” said Henkel. “The use of cashless was already widespread before it was encouraged by the ECB and its spread was amplified by the fear of the coronavirus”, concluded Hans Olaf Henkel.