The European Central Bank & JP Morgan Attack Bitcoin!!!
Hi Everyone,
We are seeing a lot of traditional finance allocators, money managers, bankers, and bureaucrats trying to seek and understand what Bitcoin is. Many of them have been experiencing FOMO as the asset has been going parabolic lately.
In today's podcast, I will go over a recent attack that the ECB mentioned stating it is used for illicit activity. Yes, we've been here before and this is not shocking whatsoever. Specifically, I will go over:
- Entrenched finance stating that it has failed to become a decentralized currency, falling to fraud and manipulation
- The surface-level arguments that it is slow, costly, and inconvenient
- Nickname calling, when in the end the emperor in no clothes is fiat currency backed by trust
- Where we are seeing real fraud in this world
- The speed and convenience of Bitcoin
- The debasement of the USD and Euro over the past century losing almost 99.5% of purchasing power
- Rent seekers claiming that it is deadbeat based on illicit reasons, centralization, and bad technology
Overall, I enjoyed putting this one together. What do you think about the ECB and JPM attacking bitcoin? Where do you think we go from here with attacks by these players?
I appreciate all the support as always!
SatsMates
Bitcoin Buys: https://invite.strike.me/2MSTYG
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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