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“The moment Bitcoin is identified as a currency, it will legally disappear” – said Vienna stock exchange chief Boschan

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4 years ago

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Christoph Boschan is unlikely to become a convinced Bitcoin investor anytime soon. Most recently, the head of the Vienna Stock Exchange compared the Bitcoin hype with the tulip mania and attested a crash as soon as BTC was regulated as a currency or financial instrument. In an interview with BTC-ECHO, Boschan wants to clarify the question: Is there a threat of an exchange rate collapse?

In an interview with Die Presse , Christoph Boschan hit a low blow a few days ago: Bitcoin is “vastly inferior to any alternative course of action” and shows similarities with “the tulip mania”. He rounded off the criticism with the ironic formulation that Bitcoin was after all “extremely important for criminal payments”. The criticism again made waves in the crypto space. However, if the statements are straightened out a bit, an existing basic Bitcoin problem becomes apparent.

Bitcoin: a matter of regulation

Opinions are divided on Bitcoin, not only among investors but also among regulators. There is still no common European legislation that creates a binding framework for crypto values. Crypto regulation is a country issue. The EU Regulation on  Markets in Crypto Assets  (MiCA) is still in draft status .

Germany, on the other hand, has a special role in European comparison. Since 2020, crypto values, including Bitcoin, have been included as financial instruments in the German Banking Act . In contrast to the MiCA draft, which provides for a separate division of tokens, e-money tokens, utility tokens and other crypto values, German legislation tries to create a uniform framework.

In Austria, however, Bitcoin is classified neither as a currency nor a financial instrument, but as a property right. This is “the great stroke of luck for Bitcoin” and “ultimately an expression of our liberal economic order”, as Christoph Boschan explains

Bitcoin is currently classified as a property right rather than a currency or financial instrument. It cannot be otherwise, because if it were classified as a currency its existence would simply not be permitted, its issuance and use would be forbidden and prosecuted in many cases – Articles 16 and 128 of our EU treaty only give the ECB the right to issue a currency.

Christoph Boschan

According to the CEO of the Vienna Stock Exchange, the regulatory status can be reduced to the following formula: “The moment BTC is identified as a currency, it disappears legally”. A supposedly sensational thesis that may lure crypto enthusiasts out of the reserve, but according to Boschan only reflects the “current legal situation”. After all, Bitcoin cannot be classified as a currency, since the “house right” for the issue of currencies lies with the EU.

Ripple precedent

According to Boschan, the same applies “to regulation as a financial instrument”. Finally, the example of Ripple shows “what it means to be viewed as a financial instrument”. In December last year, the US Securities and Exchange Commission (SEC) declared the Ripple currency XRP a security token, which resulted in a legal dispute with the Californian FinTech.

But this example shows that the legal situation for the token economy is anything but clear. Contrary to the attitude of the SEC, XRP is not classified as a security in other jurisdictions, but as a utility token. In addition, it is unclear whether the SEC is right with its move. Ultimately, the competent courts will decide on the regulatory status. The precedent Ripple shows: crypto assets and regulation are still in the discovery phase.

Bitcoin regulation shows gaps

The blanket criticism that the Vienna Stock Exchange boss unloads representative of supposedly Bitcoin-skeptical stock exchange representatives may be understandable from a crypto investor’s point of view, but it is not more correct. Statements such as: “If you regulate Bitcoin like a currency or a financial instrument, then it is no longer worth anything”, should be understood less as a rejection or attack on Bitcoin and the financial infrastructure behind it, and rather as a pointer to a lack of regulations.

As a manager, however, I can conclude with astonishment that the BTC industry is looking for such proximity to “currencies” or “financial instruments” and that this is the basis for sales. This is not strategically smart, but rather toxic, because the other way around it becomes a shoe, both – both the identification as a currency and as a financial instrument – are the greatest Achilles heels of the value of Bitcoin.

Christoph Boschan

Ultimately, however, it depends on the design of the legal framework. After all, Bitcoin is classified as a financial instrument in Germany, but it has not lost its value.

A common misconception?

A few friends from the crypto environment are likely to have Boschan also made the statement that Bitcoin is a vehicle for illegal purposes. According to Boschan, this view is derived from “very simple observation from the reality of life”. Whenever the Vienna Stock Exchange is exposed to blackmailing cyberattacks, “the payment requests come exclusively in BTC, […] not in euros, not in dollars, not in yen, not in gold, not in stocks, bonds or other derivatives, all of which are digital would be even smoother ”.

Obviously, the criminals use the most obvious instrument for them.

Christoph Boschan

As is so often the case, the devil is in the details. Wanting to push Bitcoin and Co. into the corner of a shadow currency, which is primarily used by criminals, belongs in the realm of fables . As the blockchain analysis company Chainalysis outlines in the current 2021 Crime Report , only a small fraction of 0.34 percent of all crypto transactions were for illegal purposes in 2020. Compared to the previous year, the criminal crypto cash flows have decreased by almost 2 percent, “the crime related to cryptocurrencies has decreased significantly in 2020”.

However, what is generally true of illegal crypto transactions is not particularly true of ransomware attacks. According to the report, “the total amount paid by ransomware victims has increased by 311 percent this year”. Accordingly, “no other category of cryptocurrency-based crime has had a higher growth rate”. According to Chainalysis, 2020 is not only the Covid year, but also “the year ransomware exploded”.

Bitcoin economy wins through exchange

In this light, Boschan’s remarks seem to be a very sober confirmation of the increase in ransomware identified by Chainalysis. So the Vienna Stock Exchange CEO finally defends himself against the attempt to put him “across the board in the anti-crypto corner”. Because the opposite is ultimately the case:

As an infrastructure provider whose foundation is databases, we are extremely attentive and very open-minded about developments relating to distributed database infrastructures. We have dozens of initiatives behind us and we certainly share the fascination that can trigger.

Christoph Boschan

Against this background, the Bitcoin-critical tones are already losing their explosive power. Boschan’s statements can certainly be read as a call to action to embed the crypto market in clear regulations. Ultimately, this creates the basis for sustainable growth in the industry, on which a wide variety of service providers are based. In the long term, the Bitcoin economy can only benefit from an unbiased discourse with traditional financial market players.

 

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BlockDAG’s X1 Miner App Draws 2M+ Users While BONK & SHIB Holders Wait for Key Updates 

Published

13 hours ago

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July 20, 2025

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The crypto market in 2025 is witnessing a shift as new trends and strong contenders capture public attention. BONK is gaining momentum, backed by strong community activity and consistent price movements. Its ongoing deflationary burn mechanism and growing holder base signal are increasing traction among major players. Meanwhile, Shiba Inu (SHIB) is holding support at a crucial price level, with technical patterns pointing toward a possible price breakout.

While BONK and SHIB show promise, BlockDAG (BDAG) is drawing even more attention through its mobile-first approach to mining. The BDAG-powered X1 app has surpassed 2 million downloads, offering a way to mine directly from smartphones. Combining ease of access with scalability, BlockDAG has become a top choice among those tracking the best crypto to buy. Let’s explore how each coin is shaping up for the rest of the year.

BONK Price Signal: Strength Backed by Fundamentals

BONK has emerged as one of the most talked-about memecoins of 2025. Its recent 10% surge comes with growing confidence from larger institutions, including its placement on Grayscale’s asset watchlist. Chart analysts have noted a golden cross pattern, often linked with sustained price climbs.

What amplifies BONK’s appeal further is its scheduled token burn event, which aims to lower the overall supply. This scarcity effect, along with a broader holder increase, points to stronger long-term support. Even during minor market dips, BONK has delivered a 22% gain, showcasing short-term strength and liquidity. These moves position BONK as a serious contender in the discussion around the best crypto to buy now.

Shiba Inu (SHIB) Price Prediction: Chart Patterns Hint Breakout

Shiba Inu (SHIB) is nearing a key decision point. Currently priced around $0.00001296, it’s consolidating within a symmetrical triangle pattern. Technical indicators reveal a decrease in selling pressure and low volatility, both of which often precede a significant shift.

Most of SHIB’s supply is already in circulation, reducing inflation risks and making future price moves more sustainable. The key support area lies near $0.00001200, while resistance looms close to $0.00001300. If SHIB breaches this range, it could be poised for a swift upside run. These technical signs support the case for keeping SHIB on your watchlist as a potential breakout play.

BlockDAG’s X1 Miner App Explodes With 2M+ Users Daily Mining

BlockDAG is becoming a major force in 2025, fueled by its user-friendly mining system and explosive presale progress. The X1 miner app, available for both Android and iOS, enables users to mine up to 20 BDAG coins daily from their smartphones. The app size is only 50MB, ensuring wide compatibility across devices. It uses a Proof-of-Engagement algorithm that rewards users based on daily interaction, adding a gamified edge to mobile mining.

Beyond mobile, BlockDAG supports scalable mining with hardware options like the X10, X30, and X100, which allow users to earn up to 2,000 BDAG coins per day. These rigs cater to those looking to maximize returns while tapping into the platform’s high-speed capabilities.

The network is designed for exceptional throughput, targeting 100+ blocks per second while maintaining decentralization. To date, over 24 billion BDAG coins have been sold, raising more than $343 million during the presale. From batch 1 to batch 29, early buyers have already seen 2,660% growth in their funds. The current GLOBAL LAUNCH release price sits at $0.0016, available until August 11th. At this price, returns could soar to 3,025% compared to the planned $0.05 listing.

BlockDAG’s progress, paired with its scalable blockchain and mobile-friendly mining, highlights why many now view it as the best crypto to buy. It delivers simplicity, performance, and real earning potential without the technical hassle often found in traditional mining setups.

Final Call!

This year is shaping up to be a strong one for BONK, SHIB, and BlockDAG, each showing unique upside potential. BONK continues to deliver gains and draw institutional focus due to its growing community and deflationary model. SHIB’s chart setup looks promising, with price compression hinting at a possible breakout in the near term.

Yet, it is BlockDAG that leads the charge. The 2M+ users on its X1 mining app, combined with over $343 million raised and a high ROI already delivered, make it stand out as the best crypto to buy right now. Its $0.0016 GLOBAL LAUNCH release price is available only until August 11th, adding urgency for those seeking early gains.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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Final 6 Days to Grab BlockDAG’s No-Vesting Access Offering Full Launch Control While Pi Falls and ONDO Surges Ahead

Published

15 hours ago

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July 20, 2025

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The crypto market is seeing a clear divergence in trends. Pi Network’s price has dropped once again, testing old support, even as a whale accumulates millions worth of PI. Meanwhile, ONDO’s price trend has turned positive, finally breaking resistance after months of sideways action.

Amid these shifts, BlockDAG (BDAG) is stealing the spotlight. The project has opened up a rare NO VESTING PASS deal, lasting only 7 more days, giving buyers a way to unlock 100% of their coins at launch. The current offer includes full launch access and a limited $0.0016 entry price that ends on August 11.

Whale Activity Rises as Pi Network Price Falls Below Support

Pi Network’s price dropped below $0.450 again on Tuesday, retesting the $0.4460 support. Although it had crossed $0.500 briefly last week, it couldn’t hold the gain. Exchange data from PiScan shows over 737,000 PI coins moved to centralized exchanges in 24 hours, suggesting more sell pressure.

Adding to that, July brings the largest token unlocks until 2027, raising further concerns about supply flooding the market. Still, a whale recently bought 5.3 million PI worth $2.38 million, showing some players still see upside. The RSI hints at a possible pause in selling, but MACD trends stay bearish for now.

ONDO Breaks Resistance with Strong Price Action and Growing Support

ONDO’s price action looks more optimistic this week. The token moved past its $0.87 resistance level, confirming a breakout from a long-term descending triangle pattern. It’s now trading near $0.94, up more than 15% in the past 30 days.

Technical charts point to further gains toward $1.10 and maybe even $1.60 if sentiment stays strong. The ONDO price trend is also being backed by higher trading volume, a growing user base of 146,000+ holders, and a rise in total value locked, which now stands at $1.39 billion.

These signs suggest buyers are starting to take control, positioning ONDO for a possible longer-term breakout if support holds.

BlockDAG’s 6-Day No Vesting Pass Unlocks Full Coin Access at Launch

BlockDAG is now offering a rare 6-day NO VESTING PASS that gives full control to buyers at launch. This means all BDAG coins purchased during this short window will be fully accessible from the first day of launch. There is no lock-up period and no phased release. Buyers can hold or trade their coins without waiting.

The presale has already brought in over 342 million dollars and more than 24 billion coins have been sold. With strong traction, the project stands out as one of the most watched in the crypto space right now. The current price is just 0.0016 dollars, even though the confirmed launch price is 0.05 dollars. This gives a return of up to 3,025 percent for those who join now.

It is important to note that only coins bought during this 6-day window come with full access. Any bonus or referral rewards will still follow the regular schedule.

As August 11 approaches, this limited-time chance is gaining attention from those looking for early access and strong gains. With just 6 days left, the NO VESTING PASS has created a clear entry point for those who want immediate liquidity and a major price advantage at launch.

In Summary

The Pi Network price shows little recovery, even with whale activity, as unlocked supply puts pressure on the market. In contrast, ONDO’s bullish breakout and strong technicals are pointing to more gains ahead.

Still, the most exciting move could come from BlockDAG. With its $342M presale, 3,025% upside potential, and a NO VESTING PASS valid for just 6 more days, BDAG’s offer stands out. The chance to gain full coin control at launch with a $0.0016 entry could place it among the top opportunities before August 11.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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X1 Miner App and Strategic Planning; BlockDAG Set to Soar in 2025: How It Compares to ALGO’s Bullish Forecast and TRUMP Coin’s Uncertainty

Published

2 days ago

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July 19, 2025

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Q3 crypto analysts are locked in on fresh developments that could shift the short- and long-term market outlooks. As volatility continues to rock the market, all eyes are on potential game-changers that could make waves through the second half of 2025. Among the most buzzworthy topics is the TRUMP coin price, set to face a massive $370 million token unlock, raising fears of major price turbulence. Meanwhile, the ALGO price prediction remains bullish, with analysts eyeing a potential climb to $0.33 in July, fueling cautious optimism despite uncertain market conditions.

While these developments capture attention, BlockDAG (BDAG) is quietly positioning itself as a rising star, thanks to an aggressive U.S. sponsorship campaign and an expanding mining community. With impressive presale figures and bold moves, BDAG is quickly becoming one of the most anticipated names in crypto, ready to turn heads in the months ahead.

TRUMP Coin Price Faces $370M Token Unlock

The TRUMP coin is bracing for a major unlock tomorrow, as 40 million tokens worth $370 million, roughly 20% of the total supply, are set to enter circulation. The TRUMP coin price is hovering around $9.00 to $9.05 after a 4.4% drop today, with daily trading volume nearing $455 million. This surge in supply is likely to put pressure on the price, with technical signals like an RSI of 46 and a bearish MACD warning of possible declines.

If the coin holds near $9, stability might prevail, but any dip below this level could send the price spiraling lower. Traders are watching for signs of resistance at $9.53. With the large unlock approaching and weak momentum, the TRUMP coin price could experience high volatility in the next 24 hours, making it a nail-biting situation for holders.

ALGO Price Prediction: Targeting $0.33 in July

Analysts are projecting an ALGO price prediction that could see the token rise as high as $0.33 by July. Currently trading above $0.28, ALGO is showing bullish momentum, with technical indicators signaling room for further growth. Traders are eyeing resistance levels above $0.30, with price forecasts ranging between $0.282 and $0.332 for the month.

This potential 16% rise is sparking interest and reinforcing a positive outlook for ALGO’s short-term prospects. While the market remains cautious, these indicators suggest that ALGO is primed for a breakout, making it one to watch as July unfolds.

BlockDAG’s U.S. Push and Mining Surge: Positioned for 2025 Success

BlockDAG is making headlines for its bold U.S. sponsorship push, which could place BDAG on national broadcasts and put it in the mainstream spotlight. Instead of waiting for exchange listings, BlockDAG is ramping up visibility and leveraging strategic partnerships ahead of its official trades.

This ambitious move is supported by a rapidly growing community, with BlockDAG’s X1 Miner app now boasting over 2 million users in 150+ countries. The app allows users to mine up to 20 BDAG coins with a simple “tap and mine” system, making it one of the most hands-on, user-friendly mining platforms in the industry. This level of engagement has helped transform BlockDAG’s mining community into one of the most vibrant and loyal in the space, positioning BDAG perfectly for mainstream success.

BlockDAG has already raised an impressive $341 million and sold 23.9 billion coins, demonstrating a powerful network effect that’s fueling its momentum. With the GLOBAL LAUNCH release price set at $0.0016 until August 11, buyers have the chance to earn up to 3,025% ROI compared to the original launch price of $0.05. BlockDAG’s combination of cutting-edge technology and innovative marketing strategies solidifies its spot among the top crypto coins to watch for 2025.

Final Recap

The market is on edge, with the TRUMP coin price facing a looming $370 million token unlock that could test key support levels around $9. Meanwhile, analysts remain cautiously optimistic about ALGO, with predictions pointing toward a potential rise to $0.33 in July, signaling a 16% return.

However, it’s BlockDAG that’s increasingly stealing the spotlight. With an aggressive U.S. sponsorship campaign, over 2 million miners, and $341 million raised, BDAG is making waves. Its $0.0016 GLOBAL LAUNCH price offers the potential for up to 3,025% ROI, making it impossible to ignore as the top crypto to watch in 2025.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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