McGlone has a point:
"In McGlone’s view, the conditions that once made Bitcoin (BTC) compelling have changed fundamentally. What began as a scarce, disruptive asset has become part of a crowded and highly speculative ecosystem, increasingly correlated with equities and vulnerable to the same macro forces that drive traditional markets.
He draws parallels with past market peaks, pointing to excessive speculation, the approval of exchange-traded funds (ETFs) and historically low volatility as warning signs. Bitcoin, he argues, has gone from being a hedge against the system to being firmly inside it, and that changes everything."
The Netherlands just killed KYC crypto investment today. A new tax law will start in 2028.
From 2028 onwards Dutch citizens have to pay 30% tax on both real and fictitious profit (snapshot 1st of january).
are there people here who belief the bitcoin project will thrive in the long run (>100 years)? eager to read articles taking a deep dive in the very long time horizon...
Starting to think that rooting for the best sort of money is not really relevant anymore. Better prepare to get thrown back into the stone age work on those barter skills.