EU Expert Warns: "Bitcoin Must Not Become a Pawn of Political Interests"
According to an interview with Dr. Joachim Schwerin, an EU blockchain expert, published by BTC Echo, the increasing consideration by various states to establish a Bitcoin reserve could have a significant long-term impact on the BTC price. Dr. Schwerin expresses skepticism regarding the recent developments in the United States, where the official launch of a strategic Bitcoin reserve is seen by many in the BTC community as a historic milestone. He warns that Bitcoin should not be subjected to political interests, emphasizing the dangers of politicizing cryptocurrencies for EU investors.
The article highlights that while the Trump administration's Bitcoin plans have been criticized by some as too moderate, there is a belief that more extensive state Bitcoin purchases would have been necessary to push the BTC price to new heights in the short term. Dr. Schwerin, however, strongly rejects the idea of state appropriation of Bitcoin, even as he predicts a bright future for the leading cryptocurrency. He stresses that Bitcoin's independence from political influence is crucial for its continued success and warns against making it a tool for power politics.
"Bitcoin should not be degraded to a pawn of power-political interests," Dr. Joachim Schwerin told BTC Echo.
- The official start of the strategic Bitcoin reserve in the USA is considered a historic milestone by many in the BTC community.
- Criticism of the Trump administration's Bitcoin plans centers on their perceived moderation and lack of large-scale state purchases.
- Dr. Schwerin warns of the dangers of politicizing Bitcoin and stresses the importance of its independence.
Infobox: Dr. Joachim Schwerin, EU blockchain expert, cautions that Bitcoin should remain independent of political interests. The establishment of state Bitcoin reserves, particularly in the USA, is seen as a significant development, but the risk of politicization could pose dangers for investors, especially within the EU. (Source: BTC Echo)
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