In a strong call to action, Member of the European Parliament Sarah Knafo has urged the European Union to establish a “Strategic Bitcoin Reserve” to protect against economic uncertainty. At the same time, he rejected the European Central Bank’s (ECB) plans to introduce a digital euros.
Knafo, a French magistrate and MEP since June, gave a powerful speech in favor of Bitcoin. “No to the digital euro, yes to a strategic Bitcoin reserve,” he declared in an X publication, taking a clear stance against the ECB’s centralized digital currency.
He highlighted the success of El Salvador under President Nayib Bukele, who was initially mocked by world leaders and the IMF for investing in Bitcoin. Now El Salvador boasts 100% returnsreleasing hundreds of millions of dollars in value for its citizens.
Knafo emphasized that the world is embracing decentralized finance and bravely questioned:
“What is the European Union doing to keep up?”
- Also read:
- Bitcoin price prediction for 2025: $150,000 by mid-year, experts reveal
- ,
The United States leads the way in Bitcoin
Knafo pointed to growing momentum in the United States, where the Trump administration is reportedly exploring creating a bitcoin strategic reserve. He also made reference to the chairman of the United States Federal Reserve, Jerome Powell, who compared Bitcoin to “digital gold” amid its recent price increase.
Could Bitcoin reserves shape a nation’s future? Read the Bitcoin price prediction to see how cryptocurrency adoption is changing the global economy!
A clear warning for the EU
Knafo criticized current EU policies, including excessive ones Regulation, taxes and increasing deficits.which according to her are slowing down progress. He warned that the ECB’s digital euro could give bureaucrats too much control over financial transactions, threatening individual freedom.
Instead, it urged the EU to:
- Reject the digital euro
- Invest in Bitcoin to protect citizens from inflation
- Build national bitcoin reserves
- Support the bitcoin mining industry.
“It is time to change the paradigm. It is time to protect our people from inflation and the poor economic decisions of our states. It is time to say no to the totalitarian temptations of the ECB, which wants to impose a fully controlled digital euro. It is time for our states to invest in Bitcoin to build national strategic reserves. “It is time to develop the mining industry,” she commented.
Don’t miss a moment in the world of cryptocurrencies!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Fountain:
