Cryptocurrency has been stirring emotions for years, but according to Radek Pogoda, most of the fear is pure political narrative without actual backing. In a conversation with Krzysztof Ziemiec, he emphasizes that the crypto market is not riskier than traditional financial institutions, which have caused enormous losses in the past. He also stresses that it is not the technology that is a threat, but rather political attempts at full control over citizens' finances.
According to Pogoda, the debate about crypto in Poland has been reduced to slogans that aim to provoke fear and cover up the government's mistakes. It is in this context that the businessman analyzes the recent events surrounding the president's veto and legislative chaos.
Crypto at the center of the political narrative
Pogoda starts his statement by recalling the words of the late Krzysztof Kononowicz regarding the empty promises of politicians. In his opinion, this is exactly how most discussions about crypto sound today, which are conducted without knowledge and without contact with reality. He emphasizes that the rulers talk a lot but do not present any specifics that could help the industry. This means that the average recipient does not receive reliable information and sees only media chaos.
The businessman believes that the ‘crypto affair’ related to the president's veto is a political theater aimed at hiding the fact that the law was poorly prepared. Furthermore, he points out that the ruling party knew from the beginning about its flaws and consequences for entrepreneurs. Instead of openly admitting this, they launched a narrative about the 'Russian mafia' and 'security threat.' As a result, the discussion has been overshadowed by emotions rather than facts.
Pogoda emphasizes that the hysteria around cryptocurrencies is beneficial for politicians, as it allows them to shift the responsibility to 'external forces.' This way, they can avoid conversations about their incompetence. According to him, viewers should approach these actions with great distance.
The financial market vs. the crypto market: Facts, not fear
Radek Pogoda clearly indicates that the crypto market is not more dangerous than traditional financial institutions. He points out that in Poland's history, we have had numerous investment scandals that had nothing to do with cryptocurrencies. He points out that people lost billions in legal and regulated market segments. This shows that regulations are not a magical protective shield.
Pogoda states outright that politicians are trying to create an image of crypto as the 'wild west.' However, he explains that criminals always use various financial tools, including traditional ones. He reminds that cash, bank transfers, and gold have also been used in criminal activities. Therefore, demonizing crypto is, in his view, an element of political gaming. As he stated:
“If someone says that only Russian services and mafia are involved in crypto – they are lying or have no idea what they are talking about. The same can be said for cash, dollars, gold, or bank transfers.”
Pogoda believes that such statements deliberately mislead people.
Moreover, he emphasizes that the Polish law was designed to push businesses abroad. He points out that companies will still serve Poles thanks to EU regulations. The difference is that taxes and jobs will go to other countries. This is a real loss for the Polish economy, which politicians have not even taken into account.
Politics, CBDC, and money control: The biggest concerns of Pogoda
Pogoda warns that the true aim of regulation has nothing to do with citizen safety. He notes that politicians have long sought full control over the flow of money. He explains that the entire narrative aims to prepare the ground for the introduction of CBDC. He emphasizes that a central bank digital currency could completely strip people of financial privacy. According to him, this type of solution gives the state enormous power over citizens.
The businessman believes that the elimination of cash is another step towards complete control. He points out that alongside crypto regulations, laws are being introduced to limit the Internet. He explains that all of this creates a coherent system of oversight. In his opinion, citizens should be aware of these changes and should educate themselves.
In this context, Pogoda strongly emphasizes the necessity of taking responsibility for one's own finances. In his view, no one from the outside will take care of our savings. He points out that history shows that the state did not protect people from financial pyramids or inflation. This means that financial education is crucial.
Pogoda often repeats that people should invest consciously. He explains that crypto is just one of the tools, not the only solution. He emphasizes that investment decisions always require knowledge and responsibility. This, in turn, means that one should avoid panic and narratives based on fear.
To familiarize yourself with the latest analysis of the cryptocurrency market from BeInCrypto, click here.