European countries consider creating Bitcoin reserves to enhance economic security and combat inflation.
A Call for Creating Bitcoin Reserves
French MEP Sarah Knafo, Vice-President of the ENS group, emphasized national sovereignty and proposed that European states invest in Bitcoin national reserves. She pointed out that this could offer greater economic freedom amid inflationary crises.
El Salvador's Experience with Bitcoin
Knafo recalled how three years ago, the President of El Salvador decided to invest in Bitcoin, and today, the country's BTC reserve shows a 100% return. Currently, El Salvador holds 5,966 BTC worth about $644 million in its reserve.
A Global Revolution in Finance
The world is experiencing a revolution in decentralized finance. The US is likely to create a national strategic BTC reserve, recognized as 'digital gold'. Knafo stresses this is a crucial step to protecting people from inflation and poor economic choices.
Knafo concluded her speech by stressing the importance of freedom and the strategic role of Bitcoin in Europe's future economies. She believes Europe is ready for change, and states should embrace the challenges of our time.
