Sarah Knafo Calls for Strategic Bitcoin Reserve in the EU, Opposes Digital Euro
In the latest development, a European lawmaker has advocated for the creation of a “strategic Bitcoin reserve” in the European Parliament, underscoring Bitcoin’s growing recognition as a sovereign hedge asset.
In a pro-Bitcoin speech, French magistrate Sarah Knafo, a member of the European Parliament since June, urged the EU to establish a strategic reserve of Bitcoin and opposed a proposed “digital euro,” a central bank digital currency (CBDC). ) was developed by the European Central Bank (ECB). “Say no to the digital euro, yes to the Bitcoin strategic reserve,” Knafo noted in the X post.
Citing the example of El Salvador in the United States
She cited the example of the president of El Salvador, who decided to invest in Bitcoin for his country, only to be ridiculed by the political class and the International Monetary Fund. She stressed that he is now showing 100% returns, providing hundreds of millions of dollars to his people. She emphasized that the world is now ready to take advantage of this decentralized finance revolution.
It is worth noting that the Trump administration will establish a Bitcoin strategic reserve for the United States. She also noted that Federal Reserve Chairman Jerome Powell made a startling comparison between Bitcoin and digital gold as the cryptocurrency soared to new heights. As Bitcoin soars, she boldly asks: What is the EU doing to keep up?
“It’s time for a paradigm shift”
She stressed that it was time for the EU to stop wasting money and address its growing deficit. Strict regulations and taxes in the EU are holding back progress. She suggested rejecting the ECB’s digital euro, which could give the bureaucracy too much control over transactions. Instead, we should embrace freedom by investing in Bitcoin, building national reserves, and supporting the mining industry. She added that France, with its nuclear power advantage, should stop taxing cryptocurrency holders who earn their savings through intelligence and risk.
“It’s time to change the paradigm. It’s time to protect our people from inflation and the poor economic choices of our states. It’s time to say no to the totalitarian temptation of the European Central Bank, which wants to impose total control A digital euro. It’s time for our states to invest in Bitcoin to build strategic national reserves. It’s time to develop the mining industry,” she said.
