• The Informer Post
  • Posts
  • ‘True Declaration of War’ – Bitcoin Veteran Says Gloves Are Off After ECB Publishes Paper Attacking BTC

‘True Declaration of War’ – Bitcoin Veteran Says Gloves Are Off After ECB Publishes Paper Attacking BTC

October 22, 2024

Bitcoin veteran Tuur Demeester says a new European Central Bank (ECB) paper on BTC is a “declaration of war” on the top crypto asset.

In new research, the ECB claims that BTC has strayed away from the original vision of Satoshi Nakamoto, its pseudonymous creator, and now exists to extract value from latecomers and non-holders.

Authors of the ECB paper urge the general public to call on politicians to pass laws that force BTC to “disappear.”

Demeester, the editor-in-chief of the Bitcoin analysis firm Adamant Research, believes governmental authorities will use the ECB’s “luddite argument” to enact taxes or bans on BTC.

“In all the years I’ve been monitoring the Bitcoin space, this is by far the most aggressive paper to come from authorities.

The gloves are off. It’s clear that these central bank economists now see Bitcoin as an existential threat, to be attacked by any means possible.

Many of us have warned that this was coming: Bitcoin as a major political fault line both in national and international elections. Well, here it is. It means that us HODLers must take action to ensure that governments respect our basic right to hold property.

And no, this won’t be a war between haves and have-nots. Rather this will be a historic clash between those who stand for the natural rights of the individual, and those who clutch at the failed ideologies of collectivism and central planning.”

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price ActionFollow us on X, Facebook and TelegramSurf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney