Daniel Batten, a managing partner at CH5803 Capital who is also recognized for his environmental advocacy with The Bitcoin ESG Forecast, has revealed new findings suggesting that Central Banks, especially in the European Union, are purposefully attempting to diminish the impact and reputation of Bitcoin. In an in-depth explanation posted on X (previously known as Twitter), Batten communicated, “As we have been unaware, the European Commission (through ESMA & ECB) has been drafting a report with intentions to categorize Bitcoin as environmentally damaging, a risk to the energy security of the EU, and a refuge for those engaging in financial illicit activities.” This sets the stage for the European Union to effectively prohibit Bitcoin and Bitcoin mining by 2025. Batten suggests that the European Commission’s action is an element of a more extensive plan with worldwide consequences. He underscored that once the EU approves the report, ESMA, in collaboration with the ECB, intends to advocate for its adoption as the norm in additional countries. Joint Strike on Bitcoin. Batten draws a parallel between the present situation and the period following the Global Financial Crisis, indicating that Central Banks harbor a profound concern about Bitcoin’s ability to decentralize power. He paraphrases, “In the course of the Global Financial Crisis, Central Bank officials recognized the danger that individuals might uncover how our financial system, rooted in Central Banking, had been shifting wealth from the low-income to the high-income groups over many decades.” Batten additionally charges the ECB with changing their position from mockery to outright resistance after the year 2018.