In this video, I discuss the recent ECB paper "The Distributional Consequences of Bitcoin," in the context of the poor policy decisions made by EU bureaucrats over the past 2 decades.

The Euro has lost 90% of its purchasing power since inception (measured against gold), and yet the ECB seems to have a complete lack of self-awareness and self-reflection.

"Bitcoin has no top, because fiat has no bottom." This suggests that the ECB's concerns about a "Bitcoin-positive scenario" will only increase.