European MP Calls for Strategic Bitcoin Reserve Over Digital Euro

• A European MP delivered a pro-Bitcoin speech in the European Parliament.
• The MP called for creating a “Strategic Bitcoin Reserve” instead of adopting the digital euro.
• The proposal reflects growing support for Bitcoin over central bank digital currencies.

In a groundbreaking development, a Member of the European Parliament (MEP) delivered a strong pro-Bitcoin speech, calling for the establishment of a “Strategic Bitcoin Reserve” while rejecting the implementation of the digital euro. The speech, delivered in the European Parliament, marks a significant moment for Bitcoin advocates and highlights growing skepticism about central bank digital currencies (CBDCs).

The MEP made a clear stance against the digital euro, stating that such centralized digital currencies pose risks to financial freedom and privacy. Instead, the MP proposed Bitcoin as a strategic asset that could strengthen financial sovereignty and serve as a hedge against economic uncertainty.

The proposal for a Strategic Bitcoin Reserve underscores Bitcoin’s emerging role as a global store of value and an alternative to fiat currencies. The MP argued that Bitcoin, being decentralized and finite in supply, offers unparalleled benefits in fostering economic resilience and safeguarding against inflationary pressures.

This bold speech comes amid heated discussions around digital currencies in the European Union. The digital euro, a proposed CBDC by the European Central Bank (ECB), has faced criticism from privacy advocates and decentralized finance supporters. Critics argue that centralized digital currencies could erode financial autonomy and increase surveillance over citizens’ transactions.

The call for a Bitcoin reserve has sparked conversations about whether European nations could follow in the footsteps of countries like El Salvador, which have adopted Bitcoin as a legal tender and integrated it into national financial strategies.

The MEP’s proposal is seen as a significant shift in political discourse within the EU, reflecting increasing awareness of Bitcoin’s potential to act as a strategic reserve asset. This move could inspire further discussions among policymakers, investors, and financial institutions regarding Bitcoin’s role in the broader economic framework.

As Bitcoin continues to gain momentum globally, this pro-Bitcoin stance in the European Parliament signals a growing divide between supporters of decentralized finance and proponents of centralized digital currencies like the digital euro.