The discussion around using Bitcoin 
$107,249 as a national strategic reserve has gained traction in Europe. A European parliament member recently stated in a parliamentary speech that investments in Bitcoin should be made. The member emphasized that Europe adopting BTC as a strategic reserve, following the example set by the United States, would provide financial freedom. Additionally, the member criticized the European Central Bank’s digital euro plan.
Calls for Bitcoin and International Strategic Reserves
These statements come amidst a growing global interest in digital assets. The European parliament member highlighted the gains from El Salvador’s investment in BTC, stating that the country has significantly increased its value through Bitcoin investments. Citing El Salvador’s success, the parliament member asserted that the European Union should adopt a similar approach.
Discussions around these topics were sparked by former U.S. President Donald Trump’s supportive policies regarding Bitcoin. Trump had previously expressed a favorable view towards the idea of making BTC a strategic reserve. These developments have contributed to Bitcoin’s price reaching historic highs once again, with a strong rally continuing in the markets.
Institutional Interest in BTC Investments Grows
Interest in Bitcoin has also surged among institutions and individual investors. Strong inflows into Spot Bitcoin ETFs in the U.S. validate this trend. The increased interest from institutional investors supports the rise in BTC prices, with MicroStrategy recently ramping up its Bitcoin purchases, indicating a clear trend.
Bitcoin’s rise in international markets is noteworthy, with countries such as Japan and Bhutan developing new policies regarding cryptocurrencies. Senior trader Peter Brandt has predicted that Bitcoin’s price could reach as high as $125,000.
Today, Bitcoin’s price rose by 3%, reaching $106,741. The trading volume increased by 19% to hit $79 billion. In the last 24 hours, BTC touched an all-time high of $107,780. The strategic reserve proposal from Europe may further increase demand for Bitcoin.
Economists indicate that Bitcoin’s role in official financial systems is strengthening. If Europe considers BTC as a strategic asset, it could lead to significant shifts in global economic balances.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
