ECB’s Lagarde Doesn’t Want You To Buy Bitcoin, and That’s Why You Need Bitcoin More Than EverImage: Christine Lagarde / ECB
Bitcoin is the best hedge against uncertainty. Years pass, months pass, politicians come and go, economic crises follow one another, but Bitcoin remains faithful to its fundamentals. Bitcoin’s monetary policy remains unchanged since the official launch of its network on January 3, 2009.
I am writing this today, but it will still be true in 1 year, 5 years, and even 50 years from now.
Bitcoin gives you essential guarantees in a world that is more uncertain than ever. The fact that Bitcoin wants to give power back to the people in matters of money is something that frightens the powerful people at the head of the current monetary and financial system.Central bankers and governments are afraid of Bitcoin
Central bankers and governments hate Bitcoin because it puts the power back in the hands of the people. If the Bitcoin system is adopted by a majority of people on Earth, that minority of people will no longer be able to make arbitrary and totally unjust decisions.
Based on this, it is clear that a central banker will never be able to defend Bitcoin. This was demonstrated once again on Wednesday, January 13, 2021.
In an interview given at the Reuters Next conference, Christine Lagarde, President of the European Central Bank, once again showed her total ignorance of what Bitcoin is. Nothing surprising so far. As always with these opponents of Bitcoin, the attacks always revolve around the same clichés: money laundering and the financing of other illegal activities.
Here is an example of what Christine Lagarde said about Bitcoin during her interview:“Bitcoin is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” Christine Lagarde accuses Bitcoin with totally outdated clichés
If you ask Chris...