The European Central Bank Published a Very Harsh Article About Bitcoin: Conspiracy Theories Emerged!

European Central Bank (ECB) Bitcoin’i He published a critical article, drawing a harsh reaction from leading Bitcoin analyst Tuur Demeester.

According to Demeester, the ECB’s paper describes Bitcoin as a threat and claims that early adopters are “stealing economic value” from later participants in the market.

Demeester interprets this criticism as a move to legitimize possible harsh regulations, such as heavy taxes or a complete ban on Bitcoin.

Demeester described the ECB’s stance as “silly” and criticized the bank for not seeing Bitcoin as a technological paradigm shift similar to the internet or the oil industry. Instead, the ECB claims that early Bitcoin adopters increased their wealth and consumption at the expense of later market entrants. Demeester argues that this portrayal ignores the technological advantages that have driven Bitcoin’s growth over the past 15 years.

He reports that the ECB’s paper advocates legislation to prevent Bitcoin prices from rising and even see Bitcoin “completely disappear” to avoid what it describes as a “split of society”. Demeester noted that the authors also included models that predicted the small amount of Bitcoin that would be available to new market entrants, painting a dire picture for late adopters. Criticizing this view, Demeester said that Bitcoin adoption has always been about its technological superiority and utility.

Demeester expressed concern that this was the most aggressive stance taken by authorities against Bitcoin since he began monitoring the space. He warned that central bank economists now see Bitcoin as an existential threat and may resort to any means necessary to counter it.

Demeester concluded by arguing that the issue is not simply a divide between the rich and the less fortunate, but rather a battle over basic individual rights. According to Demeester, this conflict represents a struggle between supporters of individual freedom and those who advocate “collectivism and central planning.”

*This is not investment advice.