A European Member of Parliament (MP) has called for the creation of a “Strategic Bitcoin Reserve” in Europe, sparking significant debate on crypto adoption within the EU. During a recent speech in parliament, the MP urged Europe to follow the United States’ lead, citing reports of Donald Trump’s plans to establish a strategic Bitcoin reserve if re-elected.
Europe to Establish Strategic Bitcoin Reserve?
“It’s time to change the paradigm and protect our people from inflation,” the MP stated. She highlighted the growing global shift towards Bitcoin adoption and expressed concerns over the European Central Bank’s (ECB) push for a digital euro. Instead, she advocated for investment in Bitcoin as a safeguard against inflation and economic uncertainty.
The MP praised El Salvador’s decision to invest heavily in Bitcoin, noting that the country’s holdings have appreciated by over 100% since their initial purchase. “Europe should focus on financial freedom by investing in Bitcoin rather than imposing the Digital Euro,” she added. Her remarks come amid rising institutional and governmental interest in Bitcoin worldwide.
JUST IN: 🇪🇺 European MP says, “Donald Trump will create a Strategic #Bitcoin Reserve. What is the EU doing?”
“It’s time to change the paradigm and protect our people from inflation.”
pic.twitter.com/CVgZlKhgSX— Bitcoin Magazine (@BitcoinMagazine) December 17, 2024
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Globally, BTC has seen a significant surge in adoption. The BTC price recently hit an all-time high of $107,780.58, fueled by optimism over Trump’s proposed Bitcoin reserve. Additionally, major players like MicroStrategy have continued to accumulate Bitcoin, while the approval of U.S. spot Bitcoin ETFs has further boosted institutional interest.
Market analysts believe Europe’s lack of proactive measures could place it behind in the global crypto race. The MP’s speech has intensified discussions around Bitcoin’s potential as a national reserve asset. She emphasized that adopting Bitcoin as a strategic reserve could help Europe strengthen its financial resilience, reduce reliance on fiat currencies, and compete with countries already embracing crypto assets.
Her comments align with global trends, as nations like Japan and Bhutan are increasingly turning to Bitcoin for economic diversification. Meanwhile, veteran trader Peter Brandt recently predicted Bitcoin could reach $125,000, further bolstering market optimism.
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