stacksatsio on Nostr: First the banks wanted to limit #AUStriches transferring money to crypto exchanges. ...

First the banks wanted to limit #AUStriches transferring money to crypto exchanges.

Now they’re telling customers not to withdraw cash.

All for their own good of course!

Screenshot from bayani (npub1chw…82fm) on Xitter

quoting note1ecd…rfg0

#AUStriches are limited by the Big 4 Banks to $10,000 per month in transfers to crypto exchanges.

With #Bitcoin already at $100,000 dollarydoos, if a nocoiner started *today* it would take 10 months to become a wholecoiner (unrealistically assuming no price changes).

The number of wholecoiners in Australia 🇦🇺 is thus not likely to increase much if at all from here, particularly when the remaining banks follow the new industry guidelines and also impose restrictions on on-ramps.

Australians will look back on this in 5-10 years and realise what a colossal fuckup this market interference was, but by then it will be too late to do anything about it.

It’s time to accept the trajectory of this country is fukt.