European Central Bank Urges Public to Advocate Against Bitcoin Legislation Citing Bitcoin Gatherings Leading to Impoverishment in Other Regions

Coin World News Report:
The European Central Bank (ECB) has called on the public to advocate against the legality of Bitcoin (BTC), claiming that each gathering of this cryptocurrency king will economically exhaust other parts of society.
In a new research paper, the European Central Bank stated that the highest valued crypto asset has deviated from its mysterious anonymous creator Satoshi Nakamoto’s initial vision of providing a superior digital payment method for the world.
“Satoshi Nakamoto (2008) initially promised to provide a better global payment method for the world, but this promise has not been fulfilled. Instead, people’s attention has increasingly turned to Bitcoin as an investment asset that is expected to bring high capital returns.
Since Bitcoin does not increase the economic production capacity, the consequences of assuming continuous value growth essentially involve redistribution, where the impact of wealth consumed by early Bitcoin holders can only come at the expense of sacrificing the consumption of others in society.
If the price of Bitcoin continues to rise indefinitely, the existence of Bitcoin will impoverish both non-holders and latecomers.”
The authors of the European Central Bank paper believe that the existence of Bitcoin is to extract value from latecomers and non-holders. Therefore, the European Central Bank urges the public to persuade politicians through legislation that forces the disappearance of BTC.
“In any case, current non-holders should realize that they have sufficient reasons to oppose Bitcoin and advocate for legislation against it, aiming to prevent the rise in Bitcoin prices or seeing Bitcoin disappear altogether. Latecomers, non-holders, and their political representatives should emphasize that the idea of Bitcoin as an investment relies on redistribution at their expense.”
At the time of writing this article, the trading price of Bitcoin is $69,200, with an increase of over 1% in the past 24 hours.
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