EU Threatens To STEAL $10 Trillion in Citizens’ Savings! Got Bitcoin?
Scott Bessent is publicly pushing to cap yields while new Fed Chair Kevin Warsh leans toward a hike, and the read here is that their signaling means rates aren't going anywhere. Meanwhile EU Commission President Ursula von der Leyen called Europeans' bank savings lazy and floated putting €10 trillion of it to work for European companies, and Tom Lee is laying out why Q4 could be huge for Bitcoin. None of this is isolated to one country. Every major bond market is under stress, every government is eyeing the same pile of savings, and Bitcoin just had its best August since 2017, up 25% in a month that's historically one of its worst. This isn't a US problem or a European problem. It's why Bitcoin exists everywhere at once.
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