European Central Bank Report: Any Bitcoin price is equally possible, including prices as high as 10 million dollars or more

According to an earlier report by the European Central Bank (ECB), the current market value of Bitcoin is between 50,000 and 60,000 US dollars. However, the report states that any Bitcoin price is equally possible, including prices as high as 10 million dollars or more, because these prices have no specific economic basis or intrinsic value support. This indicates that ECB believes that Bitcoin's pricing lacks a reasonable basis in traditional economics and its price volatility is large and difficult to predict.