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Earlier today there was FUD from a political advisor (Hasekamp, ​​​​director of the CPB) of the Dutch government. the minister of finance has now responded. (the article is in Dutch but I’ll post an English translation in the comments)

Earlier today there was FUD from a political advisor (Hasekamp, ​​​​director of the CPB) of the Dutch government. the minister of finance has now responded. (the article is in Dutch but I’ll post an English translation in the comments)



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8 Comments

  1. Hoekstra: concerns about bitcoin, but ban is not the solution now.

    Finance Minister Wopke Hoekstra understands the concerns of CPB director Pieter Hasekamp about cryptocurrencies such as bitcoin. But a ban, as Hasekamp proposes, offers no solace according to Hoekstra. It is better to monitor it, also in a European context, according to the minister. “My observation now is that that is more effective than a total ban in the Netherlands.” Hoekstra says it is important that there are rules for providers of crypto coins, for example because of ‘the dangers associated with money laundering’. Since May last year, De Nederlandsche Bank (DNB) has supervised companies that are active in this market.

    Crash ‘inevitable’
    According to Hasekamp, ​​director of the CPB, a crash of digital currencies is ‘inevitable’. In addition, cryptos have no intrinsic value, they are only popular because other people already have them, Hasekamp wrote in his column in Het Financieele Dagblad this morning.

    Risks
    Hoekstra is therefore not in favor of a ban. The outgoing minister also emphasizes that at the beginning of the cabinet term, in 2017, he already warned for the first time about the risks associated with investing in bitcoin. “People should really think about that. The usual caution with financial products is especially true now.” People risk losing a lot of their money if the value of crypto coins suddenly collapses. Cryptocurrency prices are known to fluctuate a lot. Several economists are skeptical about Hasekamp’s proposal.

    “Crypto has no intrinsic value?
    That also applies to the euro”, for example, stock market commentator Jacob Schoenmaker responds for RTL Z. Money only has value because there is confidence in it, because a 50 note is intrinsically worth about 2 cents, explains Schoenmaker from. That also applies to bitcoin, he just wants to say.

    “I understand where it comes from, if you look at the entire crypto field,”
    responds Teunis Brosens, economist at ING. “Most of the hundreds, thousands of coins are bullshit or worse. There’s just scams and pyramid schemes in there too, so I understand the concern.” Ban goes too far te A ban only goes very far, even too far, he thinks. And it is not necessary, because there are already laws to deal with scammers and cheaters, you do not have to introduce a crypto ban.

  2. I’m pretty sure anyone who makes the “no intrinsic value” argument is a little brain dead and lacks a higher intelligence. Value comes from what people are willing to pay for it, the dollar and the euro have value bc we deem them too this is absolutely no different then crypto currencies so I’m really confused how people still can’t grasp this concept. I don’t know this man in the article but he doesn’t seem too sharp and is a little slow in understanding crypto and how valuation works.

    A dollar is just a piece of paper at the end of the day it does absolutely nothing but represent value. Crypto not only represents value but can do a more efficient job transacting in today’s world due to the technology it provides. So comparing them crypto is no different from a value standpoint then other “physical” currencies and on top of that it actually does more than physical currencies bc it allows for quicker transactions, security etc… It’s too late to try and push crypto to the side, there are too many smart people who can put two and two together and realize crypto is clearly the future of the monetary system.

    It’s 2021 we need government bodies to stop thinking like cavemen and grow up and get with the times or they will suffer. You can’t ban crypto it’s decentralized and you can’t ban the internet, governments who take that stance will only hurt themselves bc they will lose the opportunities to integrate and benefit off of crypto as well. It’s important everyone doesn’t let all the bs statements fool them, crypto is here to stay and only getting bigger, it can’t be stopped it’s decentralized that’s the whole point. Why do you think governments and banks are so scared, now they will fud to try and get in as soon as they can so they don’t miss the inevitable parabolic growth.

  3. Nice to see an update too all the articles spammed today.

    “And it is not necessary, because there are already laws to deal with scammers and cheaters, you do not have to introduce a crypto ban. ”

    I can’t see these laws being effective in any way.

  4. tldr; Minister van Financiën Wopke Hoekstra begrijpt de zorgen van CPB-directeur Pieter Hasekamp over cryptomunten zoals de bitcoin. “Mijn waarneming nu is dat dat effectiever is dan een totaalverbod in Nederland,”

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

Kevin O’Leary says BTC will beat stocks by far over the decade and that …

I made a song about Bitcoin to lighten up the bearish smiles, what ya think?