While Donald Trump’s promise of a national Bitcoin reserve for the USA had a great impact all over the world, this BTC call also attracted the attention of European countries.
At this point, a French MP, inspired by El Salvador in the face of the European Union’s economic inactivity, proposed a strategic Bitcoin reserve for Europe.
According to Bitcoin Archive, in a recent speech in the European Parliament, French member of the European Parliament (EP), Sarah Knafo, opposed the digital euro and called for the European Union to adopt Bitcoin as a strategic reserve asset.
Knafo said Bitcoin’s decentralized nature, limited supply, and growing adoption make it an attractive option for governments to diversify their reserves and hedge against economic uncertainty.
“The European Union is wasting our money through incredible mismanagement. It continues to accumulate tragically inflationary deficits. It insists on regulation, taxation, slowdown.
It’s time to focus on freedom. It’s time for our states to invest in Bitcoin to create national strategic reserves.
If France does not take the lead on this issue, it risks finding itself in economic weakness in the coming years. This is an unavoidable and important geostrategic issue.
Because Bitcoin can serve as a guarantee for the economic soundness of a State on the same level as gold.”
Member of the European Parliament Knafo also noted that it is time to develop the mining industry in Europe, noting that Bitcoin miners are found elsewhere, especially in the United States.
*This is not investment advice.
