PANews reported on October 21 that according to an earlier report by the European Central Bank (ECB), the current market value of Bitcoin is between $50,000 and $60,000, but the report said that any Bitcoin price is equally possible, including prices as high as $10 million or more, because these prices have no specific economic basis or intrinsic value support. This shows that the ECB believes that Bitcoin pricing has no reasonable basis in the traditional economic sense, and its price is highly volatile and difficult to predict.