The EU / US Banking Establishment War On Bitcoin Holders Has Begun, But Will It Succeed?

On this weekend’s episode of the podcast: Christine Lagarde and other outlandish elderly bureaucrats have begun their predictable end game rage fit against Bitcoin’s resilience — it survived the pandemic, and then thrived through the recent banking crisis flash panic.

Up nearly 70 percent YTD. Not a problem for Bitcoin users, to be sure, but a big issue for those centralized controllers who declared Bitcoin dead and its believers ridiculous loons. Markets have revealed the Bitcoin cynic to be most ridiculous of all.

In bucking their narrative that it cannot be trusted, it should now be outlawed or strictly curtailed, in their view.

Yet there are many of us in this world — nearly 8 billion souls — who just won’t be bound to an inferior yoke. Bitcoin is here, and not going away. Whether legacy establishmentarians like Lagarde and Podesta and Soros can come around to that technological fact is not our concern.

They tried to kill Bitcoin in 2023 with almost unilaterally negative sudden coverage (CNBC et al), murky regulatory interpretations, and grossly exaggerated claims of potential harm (Senator Warren’s “anti-crypto army” rhetoric, etc.) — yet it rallied nearly 70 percent against the US dollar, making them all look foolish.

Bitcoin’s recent success is no doubt part of why it attracts their scorn now. They intended for it to play dead in this final round, and instead it is punching like a true financial heavyweight. Most inconvenient!

—FULCRUM Research