Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Surging travel in Europe spikes concerns over tourism's drawbacks

SUMAN NAISHADHAM
June 22, 2025

MADRID (AP) -- Suitcases rattle against cobblestones. Selfie-snappers jostle for the same shot. Ice cream shops are everywhere. Europe has been called the world's museum, but its record numbers of visitors have also made it ground zero for concerns about overtourism.

Last year, 747 million international travelers visited the continent, far outnumbering any other region in the world, according to the U.N.'s World Tourism Barometer. Southern and Western Europe welcomed more than 70% of them.

As the growing tide of travelers strains housing, water and the most Instagrammable hotspots in the region, protests and measures to lessen the effects of overtourism have proliferated.

Here's a look at the issue in some of Europe's most visited destinations.

What's causing overtourism

Among factors driving the record numbers are cheap flights, social media, the ease of travel planning using artificial intelligence and what U.N. tourism officials call a strong economic outlook for many rich countries that send tourists despite some geopolitical and economic tensions.

Citizens of countries like the U.S., Japan, China and the U.K. generate the most international trips, especially to popular destinations, such as Barcelona in Spain and Venice in Italy. They swarm these places seasonally, creating uneven demand for housing and resources such as water.

Despite popular backlash against the crowds, some tourism officials believe they can be managed with the right infrastructure in place.

Italy's Tourism Minister Daniela Santanchè said she thinks tourism flows at crowded sites such Florence's Uffizi Galleries that house some of the world's most famous artworks could be better managed with AI, with tourists able to buy their tickets when they book their travel, even months in advance, to prevent surges.

She pushed back against the idea that Italy -- which like all of its Southern European neighbors, welcomed more international visitors in 2024 than its entire population -- has a problem with too many tourists, adding that most visits are within just 4% of the country's territory.

"It's a phenomenon that can absolutely be managed," Santanchè told The Associated Press in an interview in her office on Friday. "Tourism must be an opportunity, not a threat -- even for local communities. That's why we are focusing on organizing flows."

Where overtourism is most intense

Countries on the Mediterranean are at the forefront. Olympics-host France, the biggest international destination, last year received 100 million international visitors, while second-place Spain received almost 94 million -- nearly double its own population.

Protests have erupted across Spain over the past two years. In Barcelona, the water gun has become a symbol of the city's anti-tourism movement after marching protests have spritzed unsuspecting tourists while carrying signs saying: "One more tourist, one less resident!"

The pressure on infrastructure has been particularly acute on Spain's Canary and Balearic Islands, which have a combined population of less than 5 million people. Each archipelago saw upwards of 15 million visitors last year.

Elsewhere in Europe, tourism overcrowding has vexed Italy's most popular sites including Venice, Rome, Capri and Verona, where Shakespeare's "Romeo and Juliet" was set. On the popular Amalfi Coast, ride-hailing app Uber offers private helicopter and boat rides in the summer to beat the crowds.

Greece, which saw nearly four times as many tourists as its own population last year, has struggled with the strain on water, housing and energy in the summer months, especially on popular islands such as Santorini, Mykonos and others.

The impact of overtourism

In Spain, anti-tourism activists, academics, and the government say that overtourism is driving up housing costs in city centers and other popular locations due to the proliferation of short-term rentals that cater to visitors.

Others bemoan changes to the very character of city neighborhoods that drew tourists in the first place.

In Barcelona and elsewhere, activists and academics have said that neighborhoods popular with tourists have seen local shops replaced with souvenir vendors, international chains and trendy eateries.

On some of Greece's most-visited islands, tourism has overlapped with water scarcity as drought grips the Mediterranean country of 10.4 million.

In France, the Louvre, the world's most-visited museum, shut down this week when its staff went on strike warning that the facility was crumbling beneath the weight of overtourism, stranding thousands of ticketed visitors lined up under the baking sun.

Angelos Varvarousis, a Barcelona- and Athens-based academic and urban planner who studies the industry, said overtourism risks imposing a "monoculture" on many of Europe's hotspots.

"It is combined with the gradual loss and displacement of other social and economic activities," Varvarousis said.

What authorities are doing to cope

Spain's government wants to tackle what officials call the country's biggest governance challenge: its housing crunch.

Last month, Spain's government ordered Airbnb to take down almost 66,000 properties it said had violated local rules -- while Barcelona announced a plan last year to phase out all of the 10,000 apartments licensed in the city as short-term rentals by 2028. Officials said the measure was to safeguard the housing supply for full-time residents.

Elsewhere, authorities have tried to regulate tourist flows by cracking down on overnight stays or imposing fees for those visiting via cruises.

In Greece, starting July 1, a cruise tax will be levied on island visitors at 20 euros ($23) for popular destinations like Mykonos and 5 euros ($5.70) for less-visited islands like Samos.

The government has also encouraged visitors to seek quieter locations.

To alleviate water problems, water tankers from mainland Greece have helped parched islands, and the islands have also used desalination technology, which separates salts from ocean water to make it drinkable, to boost their drinking water.

Other measures have included staggered visiting hours at the Acropolis.

Meanwhile, Venice brought back an entry fee this year that was piloted last year on day-trippers who will have to pay between 5 and 10 euros (roughly $6 to $12) to enter the city during the peak season.

___

AP journalists Laurie Kellman in London, Derek Gatopoulos in Athens and David Biller in Rome contributed.

Continue Reading...

Popular

Telegram CEO Pavel Durov To Leave His $13.9 Billion Fortune to His 100+ Children

Pavel Durov, the CEO and co-founder of messaging platform Telegram, has announced that his vast fortune will be inherited by his numerous offspring.

Tried and tested in war: For European drone manufacturers, Ukraine is the place to be

LE BOURGET, France (AP) — About once a month, French manufacturer Henri Seydoux makes what has become a necessary pilgrimage for many in his business — he goes to .

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

Federal judge blocks Trump's firing of Consumer Product Safety Commission members

BALTIMORE (AP) — A federal judge has blocked the terminations of three Democratic members of the Consumer Product Safety Commission after they were fired by President Donald Trump in his effort to assert over independent federal agencies.

Why This Stock Tripled In The Last 3 Months

Investors have gobbled up this transformation story. The company's shares have tripled over the last three months.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Qualcomm Stock Is Rising Monday: What's Going On?

QUALCOMM Inc (NASDAQ:QCOM) shares are trading higher Monday after the company announced it reached an agreement to acquire Alphawave Semi for $2.4 billion.

A judge tells federal agencies they can't enforce anti-trans bias policies against Catholic groups

BISMARCK, N.D. (AP) — Two federal agencies cannot punish Catholic employers and health care providers if they refuse for religious reasons to provide gender-affirming care to transgender patients or won't provide health insurance coverage for such care to their workers, a federal judge ruled Thursday.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Trump's 'Numbskull' Insult Comes Back To Bite—In Record Time

Oil prices surged after Israel's airstrikes on Iran, reigniting inflation fears and complicating Trump's push for rate cuts. Powell's caution now seems more justified.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

China grants rare earth export permits after US trade talks, offers relief but uncertainty persists

OMAHA, Neb. (AP) — The high-level negotiations over China's export controls of rare earths is giving U.S. businesses some relief, even though it may be only for now.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Rocket Lab Stock Is On Investor Radars: What's Going On?

Rocket Lab Corp (NASDAQ:RKLB) shares are up about 7% over the past month. Here's a look at why the stock has captured investor's attention recently.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Southwest's New Battery Policy In Spotlight After A Smoking Battery Charger Diverts Flight

A Southwest Airlines flight diverted to South Carolina after a passenger's battery pack started smoking days after new portable charger policy

Cathie Wood's Ark Invest Loads Up On Archer Aviation, Nextdoor Holdings

On Friday, Cathie Wood-led Ark Invest made substantial trades in ACHR, KTOS, and KIND. Total value of the trades is over $35 million.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

ICE arrests 84 people at Louisiana racetrack

NEW ORLEANS (AP) — The U.S. Immigration and Customs Enforcement arrested 84 people unlawfully in the country during a raid at a southwest Louisiana racetrack, the agency announced Tuesday.

Walz: Minnesota Lawmaker and Spouse Killed In 'Politically Motivated Assassination'

Minnesota Gov. Tim Walz (D) said Saturday morning that a Democratic state legislator and her husband were killed, and another lawmaker and his wife injured, in separate "targeted shootings" at their homes.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Film festival showcases what artificial intelligence can do on the big screen

NEW YORK (AP) — 's use in movie making is exploding. And a young film festival, now in its junior year, is showcasing what this technology can do on screen today.

Peter Thiel's Flying Car Dream Nears Reality With Joby Aviation, But Joe Lonsdale Warns FAA 'Must Move Fast' As China Could Overtake US Amid Regulatory Delays

Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation Inc., as regulatory delays threaten US market leadership in the emerging eVTOL industry.

The Stock Ticker Notable Investors Are Holding - Ad

They may not be trading on public markets, but Pacaso just reserved the ticker PCSO. Co-founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to a $1.3T market. They've earned $110M+ in gross profits already. Well-known firms like Maveron even invested.

Incyte's Experimental Therapy Shows Platelet Normalization And Safety In Rare Blood Cancer Trials Across Doses

Incyte's INCA033989 showed early efficacy and strong tolerability in essential thrombocythemia patients with mutCALR, supporting further development.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

US-China Trade War: American Kids To Get Fewer, Costlier Dolls This Christmas, Here's Why

The ongoing US-China trade war is set to hit the American toy industry, with the potential for a decrease in doll production and a rise in consumer prices.

Lambda Legal, a nonprofit supporting LGBTQ+ rights, exceeded fundraising goal by $105M

NEW YORK (AP) — The nonprofit legal aid group Lambda Legal, which advocates for LGBTQ+ rights, has raised $285 million at a time when have again intensified

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

Cathie Wood Dumps Another $5.2 Million Of Palantir Stock Amid Trump Administration-Linked Surveillance Controversy

On Wednesday, Cathie Wood's Ark Invest sold 40,035 shares of Palantir Technologies Inc, amidst controversy. They bought shares of Guardant Health Inc and Veracyte Inc.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Indonesian coal industry risking a tough transition as demand declines, report says

HANOI, Vietnam (AP) — Indonesia’s coal industry is facing mounting pressure and should diversify as China and India, its biggest customers, cut back on imports of the heavily polluting fossil fuel, according to a report from a Jakarta-based energy thinktank, Energy Shift.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service