By doing this the German central bank has essentially legitimised Bitcoin. It means
that those people who either have been oblivious or skeptical towards Bitcoin have been
convinced that actually Bitcoin is legit.
~snip~
But isn't Bitcoin already
legit in Germany and most other countries of the European Union, given that it can be traded, paid for and there is a clear regulation regarding taxes? It sounds a bit paradoxical that someone should think that Bitcoin is legal just because some central bank thinks so, especially if we know that they are only interested in how to make a profit, even if it meant that they would try to sell holy water to the devil himself.
Although from the point of view of an ordinary person, everything that is approved in some way by the authorities (banks) for the majority means that it is good and legal. Time will tell how positive (or negative) the banks will be for Bitcoin in the end, but I personally do not have a positive opinion that it is a winning combination in the long term.