Is the Canadian government fueling a Bitcoin buying spree? Over the two weeks to Feb. 23, the PurposeInvest ETF increased its holdings by 11.8%, from 28,854 BTC to 32,257 BTC. (Reporting via WilliamSuberg)
“Canada is a cautionary tale for why money needs to be money, and not a tool for surveillance. What’s legal or illegal can change with a hand wave of emergency powers,” he“If you’re not 100% sure you’ll always be on the right side of those in power, you’d better buy some Bitcoin.”
Foreign crypto firms have already been targeted as part of the government’s plan, notably United States exchange Kraken and hardware wallet provider Nunchuk, the former over a100% yes it has/will happen and 100% yes, we will be forced to comply. If you're worried about it, don't keep your funds with any centralized/regulated custodian. We cannot protect you. Get your coins/cash out and only trade p2p.
As of Feb. 22, the balance on 21 major trading platforms monitored by CryptoQuant was 2.37 million BTC.
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