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Is European Central Bank Threatened By Bitcoin? German And Swiss Parliament Members Weigh In
- Joana Cotar, a member of German Parliament, said that the European Central Bank (ECB) is afraid of Bitcoin after realizing that Bitcoin is not going anywhere anymore.
- The ECB is trying to stir up unrest against those who bought Bitcoin early and is attempting to hinder people from looking into Bitcoin.
- Politicians and parties are part of the problem or they are the problem.
- We need to step up and give the power back to the people, and Bitcoin is a tool of freedom.
- Samuel Kullmann, member of Parliament, Canton Berne Switzerland, talks about his experience with fiat money.
- Kullmann started the parliamentary group Bitcoin. In March 2024, filed for political bills for a Bitcoin strategy in Canton, which will be debated in December of this year.
- The goal of people becoming more self-sovereign and financially included in the system necessitates the end goal of separation of money and the state.
- Members of German and Swiss Parliament are discussing Bitcoin, with the German Bundestag considering regulation or banning of Bitcoin.
- Those supporting Bitcoin argue that it is a tool of freedom against the government, while traditional finance professionals are more skeptical.
- Bitcoin enthusiasts see it as a natural progression towards a more liberated financial system, while detractors express concerns around regulation, volatility and illicit activity.
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