Close Menu
What The FinanceWhat The Finance
    What's Hot

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025
    Facebook X (Twitter) Instagram
    X (Twitter) Facebook YouTube
    What The FinanceWhat The Finance
    Donate
    • NewsWire

      Capital One-Discover Merger Reshaping the Credit Card Industry

      April 24, 2025

      Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

      April 15, 2025

      Breaking Down the U.S. Budget

      February 14, 2025

      The Financial Impact of Mizotakis Resigning in Greece

      February 1, 2025

      Incoming US President Shocks with $TRUMP Memecoin Launch

      January 18, 2025
    • Bitcoin

      The Rise of State-Level Strategic Bitcoin Reserves

      February 19, 2025

      How Oklahoma is Embracing Bitcoin with Legislation

      January 15, 2025

      Without Bitcoin: A Grim Vision of the Financial Future

      January 6, 2025

      Rumble Video Creators to Be Paid in Bitcoin

      December 24, 2024

      French Politician Advocates for EU Bitcoin Reserve

      December 17, 2024
    • Crypto

      The DAO Governance Battle Between Corporations & Blockchain Rebels

      October 25, 2024

      Altcoin Season Coming to an End? BTC Dominance & Institutions

      September 27, 2024

      Is Tether a $118 Billion Dollar Scandal Waiting to Happen?

      September 18, 2024

      Uncovering North Korean IT Workers in DeFi Scam

      August 16, 2024

      Navigating the Crypto Market: Avoiding Liquidation & Bull Traps

      July 24, 2024
    • Stocks

      NASDAQ 100 Welcomes Bitcoin Through MicroStrategy

      December 14, 2024

      Master the Time Value of Money Financial Concept

      December 9, 2024

      MicroStrategy Convertible Debt Expansion Sparks Stock Surge

      November 21, 2024

      Financial Ratios Guide to Measuring Business Performance

      November 18, 2024

      The Highest Paid CEOs of 2024

      October 1, 2024
    • Global Economy

      Whistleblowers Unmask Schwab’s Toxic WEF Secrets

      April 25, 2025

      Tariff Tensions Drive Market Volatility

      April 9, 2025

      Red in Name Only: Labour’s War on the UK Working Class

      March 18, 2025

      AI, Robotics & the Future of Cheap Production

      January 20, 2025

      Can Milei Inflation Gamble Hurt Argentina’s Future?

      January 13, 2025
    • TradFi
      • Investment Ideas
      • Forex
      • Commodities
      • Best Deals
    • Markets
      • Cryptocurrency Prices
      • Fear & Greed Index
      • World Market Indices
      • US Stock Market
      • Live Forex Rates
      • S&P 500
      • Gold
    What The FinanceWhat The Finance
    Home»Bitcoin»French Politician Advocates for EU Bitcoin Reserve
    Sarah Knafo EU Bitcoin
    Bitcoin

    French Politician Advocates for EU Bitcoin Reserve

    December 17, 2024No Comments4 Mins Read
    Share
    Twitter Facebook Reddit LinkedIn Telegram

    Sarah Knafo has finally said what most people in the EU have been thinking. Are we falling behind on Bitcoin? In a move that has stirred both intrigue and controversy within European political and economic spheres, French MEP Sarah Knafo made headlines today. Why? Because she made a speech that started by calling for the establishment of a “Strategic Bitcoin Reserve” for the European Union. This proposal, detailed in a recent speech in the European Parliament, marks a significant pushback against the idea of a digital euro and the ongoing debate over the future of currency in the digital age.

    Who is Sarah Knafo?

    Sarah Knafo, a young political figure in France, is known for her roles both as a magistrate and as a member of the European Parliament representing the Reconquête party, led by Eric Zemmour. Her political stance is rooted in conservative and nationalist ideologies, often pushing for policies that emphasize national sovereignty and traditional values. Her recent advocacy for Bitcoin, however, places her at the intersection of modern financial technology and traditional economic policy.

    The Proposal of a Bitcoin Reserve for the EU

    Knafo’s speech highlighted several reasons for favoring Bitcoin over the proposed digital euro:

    • Decentralization: She emphasized Bitcoin’s decentralized nature, arguing that it could serve as a bulwark against “totalitarian temptations” from centralized entities like the European Central Bank (ECB).
    • Scarcity and Value: Bitcoin’s limited supply was cited as a hedge against inflation, a concern that has grown amidst global economic uncertainties.
    • Global Acceptance: The growing adoption of Bitcoin worldwide was mentioned as a reason for the EU to consider it as a strategic asset, aligning with global trends rather than resisting them.

    JUST IN: 🇪🇺 European MP says, “Donald Trump will create a Strategic #Bitcoin Reserve. What is the EU doing?”

    “It's time to change the paradigm and protect our people from inflation.”
    pic.twitter.com/CVgZlKhgSX

    — Bitcoin Magazine (@BitcoinMagazine) December 17, 2024

    Community Reaction

    The proposal has ignited a firestorm of reactions across social media, where discussions range from enthusiastic support to scathing skepticism. Some view Knafo’s advocacy as visionary, aligning with movements by other global leaders like Donald Trump and Nayib Bukele, who have also shown interest in Bitcoin’s potential in national economic strategies. Nayib Bukele has so far won the public opinion on this matter by already delivering 100% gains for his country. Donald Trump is expected to announce a Strategic Bitcoin Reserve for the United States early in 2025.

    Critics will always argue that the volatility of cryptocurrencies like Bitcoin poses too great a risk for it to be considered a stable reserve asset. There are also still false concerns about environmental impacts due to Bitcoin’s energy-intensive mining process and the broader implications for financial regulation and security.

    The Wider Context

    The debate over a digital euro versus a Bitcoin reserve touches on deeper issues of financial sovereignty, the future of money in a digital world, and the balance between innovation and regulation. The EU’s approach to digital currencies, whether through adopting a centralized digital currency or integrating decentralized ones like Bitcoin, could set precedents for global economic policy.

    While Knafo’s proposal might not immediately translate into policy, it certainly adds a new dimension to the conversation about the role of Bitcoin in statecraft. The European Parliament and the ECB will likely have to navigate these waters carefully, considering both the technological advancements and the political ideologies at play.

    Sarah Knafo’s call for a Strategic Bitcoin Reserve is more than just a policy suggestion. It’s a statement on the future of economic policy in Europe and beyond. Whether this idea gains traction remains to be seen, but it undeniably contributes to the ongoing discourse on how best to manage, regulate, and leverage digital currencies in the 21st century. As the debate unfolds, the EU’s decisions could either pioneer a new era of financial autonomy or underscore the complexities of integrating such volatile assets into traditional economic systems.

    Author Profile

    Lucy Walker
    Lucy Walker
    Lucy Walker covers finance, health and beauty since 2014. She has been writing for various online publications.
    Latest entries
    • April 25, 2025Global EconomicsWhistleblowers Unmask Schwab’s Toxic WEF Secrets
    • April 9, 2025Global EconomicsTariff Tensions Drive Market Volatility
    • March 18, 2025Global EconomicsRed in Name Only: Labour’s War on the UK Working Class
    • March 7, 2025SatoshiCraig Wright Banned from UK Courts with Civil Restraint Order
    Share. Twitter LinkedIn Telegram Reddit Facebook
    Previous ArticleNew Bitcoin Proposal to End Decimals. But at What Cost?
    Next Article Craig Wright’s Contempt Hearing in London Begins

    Related Posts

    The Rise of State-Level Strategic Bitcoin Reserves

    February 19, 2025

    How Oklahoma is Embracing Bitcoin with Legislation

    January 15, 2025

    Without Bitcoin: A Grim Vision of the Financial Future

    January 6, 2025
    Add A Comment
    Leave A Reply

    Stock Ticker
    • Loading stock data...

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Capital One-Discover Merger Reshaping the Credit Card Industry

    April 24, 2025

    Michael Saylor’s Strategy New $286 Million Bitcoin Purchase

    April 15, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Recent Comments
    • Bitcoin Grandad on The Aftermath: Craig Wright, BSV & nChain in Crisis
    • Peter Williamson on SUI: A Rising Force in the Blockchain World
    • Peter Williamson on Robotics Revolution 2024: A Guide to 16 Industry Leaders
    Also Check Out

    Craig Wright Banned from UK Courts with Civil Restraint Order

    March 7, 2025

    The Rise of State-Level Strategic Bitcoin Reserves

    February 19, 2025

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    2007 - 2023 | What The Finance Magazine

    We're social. Connect with us:

    Facebook X (Twitter) Instagram YouTube LinkedIn TikTok
    Top Insights

    Whistleblowers Unmask Schwab’s Toxic WEF Secrets

    April 25, 2025

    Tariff Tensions Drive Market Volatility

    April 9, 2025

    Red in Name Only: Labour’s War on the UK Working Class

    March 18, 2025
    Categories
    • Best Deals
    • Bitcoin
    • Commodities
    • Crypto
    • Forex
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Satoshi
    • Stock Market
    Pages
    • About
    • Advertise
    • Get In Touch
    • Markets
    • Privacy Policy
    • Donate
    • Trending Articles

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok