Three pro-Palestine terrorist groups — including Hamas, the organization behind the surprise attacks that killed more than 250 Israelis on Saturday — have been funding their operations with tens of millions of dollars raised through cryptocurrency.
Between August 2021 and June 2023, Hamas, Palestinian Islamic Jahid (PIJ), and its Lebanese ally, Hezbollah, have collectively received over $134 million in crypto, according to Israeli government seizure orders and blockchain analytics reports reviewed by The Wall Street Journal...
This will be the final nail in the coffin. Expect crypto trading to formally be made illegal for US and European citizens, and for the US to unperson all individuals & entities involved in crypto worldwide, with major pressure for everyone else to do the same.
The implications are extremely bearish for BTC.