Tax avoidance practices of TradFi off-shore entities are falsely projected on the Bitcoin network.

E.g. - Cayman Islands: $6.8B GDP, yet holds $397B in U.S. Treasuries!!! - thanks to Hedge Funds registered there.

For reference - Cayman Islands hold more U.S. Treasury than Germany, France and India.

Such off-shore jurisdictions attract assets by offering layers of secrecy, nominee accounts, and complex legal structures to avoid taxes.

Annually, +$500B is lost in tax revenues due to off-shore tax avoidance structures.

In contrast, the #Bitcoin ledger is public, transparent & traceable and not the tax avoider's paradise that the Mainstream Media makes it to be.