6 months ago
European Union Member of Parliament Sarah Knafo has urged the bloc to prioritize a Strategic Bitcoin Reserve alternatively of moving guardant with the European Central Bank’s (ECB) integer euro project.
In a Dec. 17 video shared connected X, Knafo criticized the ECB’s program for a centralized integer currency, arguing it risks fiscal state and overreach. Instead, she advocated for Bitcoin arsenic a decentralized safeguard against ostentation and mediocre monetary policies.
Knafo stated that a strategical Bitcoin reserve would align the EU with planetary fiscal trends portion fostering resilience against economical uncertainty.
Bitcoin arsenic a strategical asset
Knafo wrote:
“NO to the integer euro. YES to a strategical reserve of BITCOIN.”
The lawmaker pointed to El Salvador arsenic a premier illustration of Bitcoin’s potential. Despite planetary skepticism, El Salvador adopted Bitcoin arsenic a ineligible tender 3 years agone and has since seen its nationalist Bitcoin concern treble successful value.
Knafo noted that this fiscal summation has improved economical information and empowered citizens, offering a exemplary that European countries could replicate. She urged EU nations to admit Bitcoin’s strategical value and travel El Salvador’s pb by gathering their reserves.
The lawmaker besides referenced shifting attitudes successful the United States. Federal Reserve Chair Jerome Powell’s description of Bitcoin arsenic “digital gold” and President-elect Donald Trump’s evolving stance item increasing designation of BTC’s imaginable arsenic a reliable fiscal asset.
Protecting fiscal freedom
Knafo warned that the ECB’s propulsion for a integer euro signals a determination toward excessive centralized control.
She stated:
“It is clip to alteration the paradigm. It is clip to support our radical from ostentation and the mediocre economical choices of our states. It is clip to accidental nary to the totalitarian temptations of the European Central Bank, which wants to enforce a integer euro wholly successful its hands.”
Instead, she argued that Bitcoin offers a decentralized alternative, empowering citizens and fostering fiscal independence.
Knafo concluded by calling connected European leaders to follow a forward-thinking fiscal strategy. She argued that Bitcoin would let the EU to unafraid its economical future, fortify resilience, and uphold the principles of fiscal freedom.
The station EU urged to travel El Salvador’s pb with Bitcoin reserves by European MP appeared archetypal connected CryptoSlate.
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