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European MP Calls For Strategic Bitcoin Reserve Similar to US
A recent speech by a European Member of Parliament (MP) has sent shockwaves throughout the cryptocurrency community, as she called for the creation of a “Strategic Bitcoin Reserve” in Europe. The move is seen as a direct response to a similar proposal made by Donald Trump, who reportedly plans to establish a strategic Bitcoin reserve if re-elected.
During her address in parliament, the MP emphasized the urgent need for change, stating that “it’s time to change the paradigm and protect our people from inflation.” She highlighted the growing global trend towards Bitcoin adoption, expressing 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 heavily invest in Bitcoin, noting that the country’s holdings have appreciated by over 100% since their initial purchase. She urged Europe to follow suit, arguing that investing in Bitcoin would provide financial freedom to its citizens rather than imposing the Digital Euro.
This move comes amidst rising institutional and governmental interest in Bitcoin worldwide. The price of BTC recently reached an all-time high of $107,780.58, driven 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 that Europe’s lack of proactive measures could put it behind in the global crypto race. The MP’s speech has intensified discussions around Bitcoin’s potential as a national reserve asset. She stressed 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 that the price of Bitcoin could reach $125,000, further bolstering market optimism.
Source: http://www.cryptonewsz.com
