United

Bitcoin

Reserve

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. 
<blockquote> 
 “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.” 
</blockquote> 
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. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/a-member-of-parliament-cites-el-salvador-and-the-us-as-examples-calls-for-a-bitcoin-btc-reserve-for-the-european-union/">A Member of Parliament Cites El Salvador and the US as Examples, Calls for a Bitcoin (BTC) Reserve for the European Union!</a>

A Member of Parliament Cites El Salvador and the US as Examples, Calls for a Bitcoin (BTC) Reserve for the European Union!

Bitcoin Sistemi EN

Other articles published on Dec 17, 2024

Alphabet Stock Hits 52-Week High as Waymo Set to Test in Japan

Amid market correction, ETH, TON traders see benefits of Rollblock’s deflationary crypto

Cardano News: Hoskinson Eyes 2025 Developer Conference—Impact on ADA Price Forecast

Crypto Hack Alert: $5.63M Lost as LastPass Breach Hits 40 Wallets

XRP whales making optimistic buying moves ahead of RLUSD launch

SushiSwap Unveils Ambitious 2025 Product Launches, Expanding DeFi Ecosystem

Join our free newsletter for daily crypto updates!