In the Middle Ages, the hypocritical and shameless Catholic Church had absolute power and was the law everywhere you looked, so with so much power and fear of losing it, it began extensive persecution and brutal murders of those it considered enemies or threats, such as those who promoted the Lutheran and Calvinist revolutions and reforms.
And for the church, this power-hungry and money-hungry enterprise, accusations of witchcraft were the best tools to resolve political or personal disputes and thus demonstrate its power that lasted for centuries. But when the people united and gave more strength and momentum to these revolutions, the church began to fall and to reduce its political influence and its power over the people, until it reached what we know today, a church on the verge of destruction.
But why do I talk about one of the darkest times in human history? Well, because nowadays we are living a new witch hunt as in the Middle Ages, but this time against emerging technologies that threaten the hegemony of the fiat economy and the elites. Since governments, billionaires, and financial institutions have been relentlessly attacking bitcoin and cryptocurrencies lately, and this has brought a bloodbath in the markets, with red numbers everywhere you look every day.
Just like the disgusting Catholic church, these people and governments use cheap excuses or promote half-truths to tear down the trust that people have, excuses like cryptocurrencies are a big threat to the ecosystem, that they are used for criminal purposes and that cryptocurrencies are not safe at all.
In addition to spreading fear and mistrust, countries like China are threatening with sanctions companies and financial institutions that do not plan to buy bitcoin or use it to make transactions, nor should they provide services related to cryptocurrencies to their customers. And although since 2013 China has already taken a position against cryptocurrencies, especially bitcoin, it is feared that this time other countries will also adopt extreme measures against cryptocurrencies.
A tough battle because cryptocurrencies threaten to collapse all the power they have accumulated for so many years. And that is why they use these threats to resolve political or personal disputes and demonstrate their power.
Now, what can we expect from all this? Well, we will have to let time clarify things and wake people up from the blindness they have, as currently many people are still under the slavery of a dying and extremely corrupt financial system, but as with the church all that power does not last forever, in fact, although cryptocurrencies and all those who own them are being persecuted with extreme harshness, there are still people able to continue fighting and create a sense of hope. In leofinance, you can find those people, who despite the slaughter have a positive attitude towards cryptocurrencies and decide to invest in more projects taking advantage of the dip.
Other projects remain firm, also the defi is still moving a lot of money constantly, the NFT market still maintains its sales volumes, among many other things that show that the power of these threats does not have the desired effect. Also, cryptos are more alert than a few years ago and that is the reason why all these attacks have not had a greater effect.
So stay HODL, this bloodbath will end. The time and power of the fiat economy are running out, as the constant fractures and cracks make it weaker, very soon it will be proven that fiat economies are a fraud and that not even projects like CBDC can save them from calamity, and just as the power of the church over the people was reduced to almost nothing, the power and influence, and the threats and attacks will in due time be ignored and slowly forgotten.
