ECB with declaration of war on Bitcoin
Those of us who live in the eurozone or within the European Union already suspected it beforehand: the European Central Bank, sensing a threat to its monopoly on money creation, is about to take up the fight against Bitcoin. And it will do so with all the illegal means it should not have at its disposal. Supported by the capitals of the eurozone, which have become completely dependent on the Frankfurt money printer, we will soon be in for a rough ride when the bridges and gates close and new tough fiscal rules are introduced.
As I have been describing for months, the eurozone, the European Union is facing difficult fiscal years in view of its disastrous regulatory policy, the infantile climate policy and its Russia policy - it will do everything it can to eliminate signals that could indicate a crisis in the monetary system, such as a steadily rising Bitcoin price.
Click here for the paper, with all the details: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4985877
#btc #bitcoin #eu #europeanunion
Think of all the cheap European castles we will be able to buy and turn into citadels after they ban themselves.
But the borrower didn’t default , a third party, the government, arbitrarily decided they didn’t have to pay back. If lenders knew this could happen they would not make the loan. Also grossly unfair on people who had no part in the transaction who are forced to pay for the ‘forgiveness’ through higher taxes and debasement. Remove the government from the process and let the loans be void in the case of bankruptcy.
I opted out of my company 401k to stack Sats. My HR girl didn’t understand.
How about a 100 year HELOC that I use to buy bitcoin.
Agree this is especially important for bitcoin, in the future you will never be able to afford as many as you can today.
Italy's Deputy Finance Minister Maurizio Leo announcing their plan to increase capital gains on Bitcoin from 26% to 42% because "the phenomenon is spreading."
My country is fucked 😂😂😂
#Italy #Bitcoin #BTC #Nostr https://video.nostr.build/7fbedf273da81922f8b7eb6cc9a81854fe51ddae9dbb40eea5bf5c213853f4a5.mp4
So the Italian government is encouraging HODL & capital flight. That’s a bold move, it will be interesting to see how it works out.
A place with a moat and drawbridge is definitely on my post hyperbitcoinization shopping list
#bitcoin
Italy To Raise Capital Gains Tax On Bitcoin From 26% To 42%
https://watcher.guru/news/italy-to-raise-capital-gains-tax-on-bitcoin-from-26-to-42
Capital flight in 3, 2, 1….
Over a hundred k in Oz and still the majority fail to educate themselves, I predict a lot of cheap real estate for Aussie Bitcoiners in the future. Or witch hunts. It’s hard to say.
The moon is a harsh mistress and Breaking Away
Me too I fly Leonardo products. The 10 is a great traveling machine.
Sure is, an RV-8, well spotted. I finished it in 2015, it has 1000 hours on it now, a great fun machine. Do you fly?
Good on ya mate. I’m mining fiat right beside you, I convert 100% to bitcoin and only swap back to pay bills. I think we will look back in awe at the time when people still took fiat in exchange for their bitcoin.
Use this instead: https://timechainstats.com/
They are cash flow positive though, so as long as that keeps up no need to sell. A true zombie company needs to take on debt to pay the interest on the old debt , which isn’t the case with MSTR. That said I hold no MSTR and will buy any Sats they are ever forced to sell. A better zombie example would be the US Government.
The less corn in the hands of the government the better, I’ll lap up the cheap Sats
Great news more Sats for the plebs at cheap prices
That’s a great way to visualize delayed gratification.
Awesome work mate. I’m following your lead.