Sunday , February 23 2025
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The ECB said it will not hold any crypto.

Summary:
With so many other countries going to crypto, wouldn’t it be ironic if the euro turns out to be the most stable currency? 

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With so many other countries going to crypto, wouldn’t it be ironic if the euro turns out to be the most stable currency? 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

16 comments

  1. Crypto didnt get the message

  2. Thanks for sharing! I could use some guidance: I have USDT in my okx wallet and a 12-word seed phrase: iron observe slam major mad decorate feed photo awesome vast kitchen faint. What steps should I take to transfer the USDT to my Binance account?

  3. @thisisyourcaptainspeaking2259

    End of income tax?

  4. Potentially risky?
    Mike there is zero reason for a sovereign country to hold crypto as a reserve.
    It is a grift, Trump is looking to pay off his backer using the USA as bag holders.
    No one can cash out of crypto in mass without a super fool buying, well the USA will be that super fool stooge.

  5. Thanks for the updates, Mike.

  6. Drunkenheimer lol 🤣

  7. Trump sanctions inbound in 3, 2, 1….

  8. Also what if the gold in fort knox is not there, but the gold in Europe IS there?

  9. Mike, I'm looking at the daily treasury statement as per your advice and I can't figure out where do you see strong fiscal flows. So far, for the month of January, the government spending is almost 90B in the negative.

  10. @Mr.PhatsVarietyVibesShow

    ECB is very smart to say NO.. if someone wants to hurt another nation they can crash Bitcoin . holding Bitcoin is a very dangerous asset which is very prone to market manipulation…..

  11. ❤❤❤❤❤❤❤❤❤❤❤❤❤👁

  12. You do not understand Bitcoin. 😂

  13. Of course ECB will say that. They are gonna push their garbage fiat infinity paper until the end. At some point they will be forced kicking and screaming into BTC and crypto..

  14. Thanks Mike. btw – it's time sell that NVDA. Charts are setting up so bearishly. Current levels were just a speed bump on the way down.

  15. @classicsforever66

    BITCOIN…not Crypto. And BITCOIN doesn't need the ECB. The Euro has lost 98% of its value against BITCOIN since 1999. So the Euro is not such a good store of value.

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