"Oh look some evil people over there!" -> "Now give me more totalitarian control"
Rinse and repeat.
The beatings will continue until people in the EU start pushing back.
This is insanely draconian.
European Union is thinking through having constituents register *all* their assets.
- Bank accounts
- Crypto
- Real estate
- Precious metals
- Cars, watches, art
@dotkrueger Honestly both probably should be in jail
The problem is what happens if this is served by a likely corrupt court and the sensible thing to do would be to investigate corrupt bureaucrats and put them in jail first
Whilst everyone focuses on US Presidential Election, the removal of citizens in the West liberties is being lead by unelected bureaucrats in Europe. It gets rolled out their first and then to the rest of us. The Brits were smart to leave but, predictably, this is the consequence
JUST IN: 🇪🇺 European Union plans “comprehensive asset registry” of all assets owned by all citizens to stop “money laundering and terrorism finance”.
Sure. 🤨
Step 1 - make a list.
Step 2 - take it.
@Nsuhtuebbd @bbc_bitcoin@PeterMcCormack Yeah I recall seeing something about that…
But it makes me feel like the chart is fake (or disingenuous)
I expect better from Peter (which is a good thing)
It’s not from a gain in the value of BTC - it’s from an injection I think. IMO it needs an explanation
I do think the bigger impact is to the zeitgeist and politically. #Bitcoin is increasingly an asset class that is not crazy to consider by a traditional investor (and I think having a crazier alternative helps)
My base case thinking was that it was most likely an ETH ETF would bring confidence and more inflows into BTC
(I have never held the view that BTC would be higher / better / stronger without crypto)
Overall I’m shifting to a view that ETFs have marginal 1st order impact on price
Damn. That’s a lot. Like 5% of the fund. Not sure The Eight newbies can offset w inflows at this magnitude. On flip side maybe its for best to just get it over with fast, like ripping a band aid off
I’m a Kennedy supporter who was a registered democrat until RFK Jr. was shut out from the primary process. We were told that Biden was the DNC nominee and voters didn’t need to have a vote. Now Biden has stepped down and it seems like Kamala Harris is going to be chosen without voters having any say. The DNC picks the candidate and voters have no say until the general election. I’m a little confused, is this the same DNC that is telling us that they are saving our democracy from the Republican candidate? We the People have a clear choice for the candidate who will really save our democracy. Kennedy will end corporate capture and heal our divided country. Kennedy is the Remedy!
JUST IN: 🇺🇸 BlackRock #Bitcoin ETF has had $19.4 BILLION inflows since launching in January.
💵 Yesterday's $526m inflow was the biggest single day in 88 trading days.
$IBIT has only had one day of outflows in more than 6 months of trading.
Incredible...
The EU is bankrupt and preparing for asset seizure. It’s why they’re building this registry. What’s coming is not just inflation, but confiscation.
This is how they bail out central banks.