tl;dr
French lawmaker Sarah Knafo, associated with the far-right political group Reconquête!, has advocated for the creation of a Bitcoin strategic reserve in the European Union, taking inspiration from U.S. President-elect Donald Trump's similar proposal. She expressed concerns about inflation and critic...
French lawmaker Sarah Knafo has called for a Bitcoin strategic reserve in Europe to safeguard against inflation and government economic decisions. She voiced concerns about the potential introduction of a central bank digital currency (CBDC) by the European Central Bank, advocating for transactional freedom.
U.S. President-elect Donald Trump has unveiled plans to establish a $20 billion Bitcoin strategic reserve using seized assets, prompting potential global adoption. However, doubts linger regarding the feasibility of a European Bitcoin reserve and the launch of a digital euro by the European Central Bank.
Sarah Knafo, associated with the far-right political group Reconquête!, seeks to emulate Trump's proposal. Despite her limited political influence, she expressed reservations about inflation and criticized the European Central Bank's CBDC plans, warning of a "dystopian world" with controlled transactions.
The U.S. is shifting attitudes towards Bitcoin, with plans for a strategic reserve. Despite ECB's preparation for a CBDC, a final decision is not expected until next year, amid concerns about privacy and government control.
Knafo's call for a strategic Bitcoin reserve in Europe may struggle to gain traction initially due to her party's limited representation. Meanwhile, the potential launch of a digital euro is uncertain, with skepticism surrounding privacy and government control.