"Bitcoin could be fuelling division of society"

Well looks like the ECB have toned down their anti-Bitcoin paper, did they realise this paper would go down like a lead balloon following the anticipated Trump win?

Last revised: 4 Nov 2024

In the original it said: "Current non-holders should realize that they have compelling reasons to oppose Bitcoin and to advocate for legislation against it, aiming to prevent bitcoin prices from rising or to see Bitcoin disappear altogether."

That sentence now reads: "Current non-holders should realise that they have reasons to worry about Bitcoin and legislation favoring it."
Also the last sentence was altered, leaving out the words "implying wealth redistribution".

Duke of Marmalade said:

This was accepted wisdom for all as the below quote from a ECB expert which I reproduced in post #20 is evidence. As it happens it has gone up 5k which is a return of around 1/6 against potential losses if He had lost. There were much simpler and far better value ways to bet on a Trump win. I'd say there are a lot of folk kicking themselves that they could have made much more by betting a Trump win on Betfair.

Click to expand...

So the ECB were right - a Trump win would see BTC hit 90k (from 70k). Presuming they were also right that a Trump loss would sink it to 30k, bitcoin folk were sitting through a bet which, as it turns out, has had a similar though slightly less pay-out of 1 to 2 compared to a straight bet with the bookies.