Yes to Bitcoin, no to CBDC! Will the European Union decide to reserve BTC?

Bitcoin enters the European Parliament and intends to displace CBDC. Such an appeal in the European Parliament was recently made by French MP, Sarah Knafo, who wants to create strategic Bitcoin reserves for the European Union, while expressing opposition to the plans to introduce a digital euro by the European Central Bank (ECB). Will a grassroots initiative be able to stop the speeding machine pushing for a European CBDC?

Let’s reject CBDC, let’s go for BTC!

In her speech, Knafo strongly opposed the European Central Bank’s plans to implement a CBDC. As I wrote less than two weeks ago, the ECB wants to introduce the digital euro into circulation in 2025! The French MP emphasized that it is time to stop the “totalitarian tendencies” of the ECB and focus on BTC as a decentralized alternative. The MP argued that Bitcoin is an effective hedge against inflation. Its decentralized structure is a shield against unfavorable economic decisions made by member states.

Knafo compared Europe’s approach to cryptocurrencies with the actions of other regions of the world, pointing primarily to El Salvador. As we well know, it is the first country in the world to adopt Bitcoin as a legal means of payment in 2021. The young MP also pointed to changes in the US administration – Donald Trump and his supporters are supporters of cryptocurrencies (Elon Musk, David Sacks). Knafo also quoted the words of the chairman of the US Federal Reserve, Jerome Powell, who called BTC “digital gold” during a speech in early December.

Bitcoin as a new reserve and symbol of changes in financial policy

The French MEP emphasized that Europe needs a radical change in its approach to financial policy. Instead of introducing measures that inhibit the development of the cryptocurrency market, the European Union should include Bitcoin in its economic strategy. In her opinion, Bitcoin, as a global and decentralized currency, can become a key tool strengthening the financial independence of member states and a real alternative to centralized monetary systems.

Changes are necessary and immediate!

The young MEP’s speech is a response to deepening economic problems, such as rising inflation and decreasing citizens’ trust in traditional financial systems. Bitcoin, as an asset with limited supply, is gaining importance as a modern “digital gold”, which is emphasized even by BTC’s former nemesis, Larry Fink (CEO of BlackRock). It is also worth noting that both society in Europe, Great Britain and the USA is clearly opposed to the introduction of CBDC.

Will one speech make the European Commission stop the process of introducing the digital euro? Most likely not, but such grassroots voices show a clear change in trends and the fact that cryptocurrencies (and above all bitcoin) are no longer associated with a curiosity for geeks and are becoming the subject of discussion in the European Parliament.

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