The reason central banks and financial authorities oppose Bitcoin is not primarily about terrorism financing (the stated justification) but because Bitcoin cannot be leveraged 40-to-1 like bank deposits, eliminating a major source of banking system leverage and profit.
causalpending
Speaker
Mel MadisonEvidence Quote
“the fact that it's not on JP Morgan's balance sheet and they can't lever it up 40 to1 and that's that's the other issue they have with it [22:55]”
Source
Mel Mattison: Part Two - Understanding Asset Confiscation & 'The Great Taking' In Times of Crisis— Palisades Gold RadioCreated: 8/12/2026, 6:08:15 PM
My Notes
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