Well, that's a big pile of nonsense that you can usually expect from European bureaucrats who can't agree to stop moving the hands on the clock and stop summer/winter time - and now Bitcoin is bothering them because of the following:


Their arguments remind me of all those who often cry on the forum about spilled milk because they didn't buy BTC on time and now they think the system is unfair because some did it and they didn't. They obviously don't mind the fact that some people bought gold for $1000 an ounce and today sell it for $2500 an ounce, or that some people bought shares of a company for $100 and today sell them for dozens of times more.

As can be seen in the article, their agenda that BTC consumes too much energy and serves only criminals has completely failed, and now they are looking for something new. In case they really try some crazy bans, I suggest they call the Chinese for help, let them teach them how to do it effectively.

I can't believe that what you quoted above from the article, is really an argument. That doesn't make any sense in any universe. How is it unfair if someone bought or mined Bitcoins years ago and now became a millionaire or billionaire? If that's the case, then what about those people who want to buy the house but can't because of unaffordable housing prices? Early real estate investors got houses for a few bucks and today it's impossible to even buy a small studio apartment. They might even say that it's unfair how senior software developers earn 6 figures because they are early adopters of programming languages This is insane.

I think they won't ban Bitcoin. First of all, this argument doesn't make sense and second of all, why should they ban it? It will be a huge step backward. EU needs advancement in IT technologies. I hope they won't do that, especially when even the USA accepted Bitcoin Spot ETFs.

I just know that for years there have been certain groups that have been trying to direct the EU towards bans regarding the trading and mining of crypto-currencies. One such group even went to the US to ask their government to ban crypto mining a few years ago.

When it comes to entrepreneurship, it is completely pointless to compare the EU and the US, we all know where the biggest companies are and how much money they make. Bitcoin is obviously not something that Europeans are too interested in, because there is also a spot ETF, but I don't think there is too much interest in it.

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They already tried and it didn't work -> Europe rejects proposal limiting PoW cryptos such as Bitcoin but sets draft rules for sustainability.

Besides, does it even make sense to ban cryptocurrency mining in the EU when the share of all EU members is only about 5%?

Another of the EU's bullshit, such as caps that cannot be removed from bottles, here the issue is to regulate, prohibit and legislate. We leave it to other continents to let people use their initiative to make the world progress.

I would not be surprised that if Trump wins and makes the strategic reserve of Bitcoin that he said he was going to do here they will do the opposite like hell. Just look at the treatment Musk has been given simply because of political ideology, now imagine Trump wins and makes him a minister or something. In the EU they will surely have to do some bullshit to go against it.

If in case they will indeed ban crypto mining, we know for sure that other countries are very open to these miners. They can always find other places to continue their business. Just like when China did such action, miners just relocate and look for other cheaper places.


Bottomline, the decision still lies on your hands. Whether you will opt for fiat or crypto or any other assets, the finality will be on you. Should not consider other assets because that's not yours for you to think about. Think of your own financial status so you won't be confused on how to decide which best suits your financial needs.

A central bank being hostile towards Bitcoin? Is this something we've never seen before? I don't remember any central bank around the world being positive and friendly to Bitcoin and cryptocurrencies in general. This guy isn't saying anything new in his article.
The European Central Bank has been more or less anti-crypto since the first years of crypto being noticed by the public.
By the way, central banks cannot impose taxes over crypto. Only the governments can impose taxes, but some governments are listening to the opinions of the central bankers. Anyway, it seems very convenient that such FUD is being spread, when there's a small price pump and BTC hit sixty eight thousand dollars. The FUDsters are about to attack.

I read that some bankers don't like bitcoin. Is this something new?

ECB has some powers, but at the end each EU country still has its own laws. So I don't think they can do more than excessive taxation.
A ban would be impossible, since I think that legally it's between Apple stocks and Monopoly money, of which neither could be banned.

It seems to me that someone put the news on the air with the intention of spreading FUD, but it is more than obvious that no one is too interested in such news, especially when it comes to the EU market, which is not too inclined to invest in cryptocurrencies anyway.


Exactly, and when you look back 5 years, all those EU bureaucrats who see the enemy in BTC are actually going around in circles and always saying the same stupid things and trying to fight against an "enemy" that is not really that. It reminds me a bit of the communist era, when the communists always fought against internal and external enemies, even if they had no one to fight against because they had already either killed everyone or locked them in prison.

I think that the ECB basically just wants to suppress BTC as a currency as much as possible, while trading is not too much of a problem. This is something that exists in countries such as Thailand, Turkey, Vietnam and some say Nigeria, and it will obviously spread more and more around the world - because "they" are most afraid of what Bitcoin represents as a decentralized currency, but trading with it and taxation it is not something they are against.

It is just funny reading the article, the ECB almost sound butthurt that BTC is decentralized and they cannot control it how they want, nor print or manipulate it in favor of their masters. Their argument of inequality in wealth distribution is baseless, people who buy assets early enough often make more profit than investors that buy later, but we all know that they will do anything to attack BTC and discourage people from using it.