European Union Member of Parliament Sara Knafo has referred to as on the EU to prioritize the Strategic Bitcoin Reserve as an alternative of continuing with the European Central Financial institution's (ECB) Digital Euro undertaking.

In a Dec. 17 video shared on X, Knafo criticized the ECB's centralized digital foreign money plan, arguing that it dangers financial freedom and overreach. As a substitute, she advocated Bitcoin as a decentralized safeguard towards inflation and poor financial coverage.

Knafo mentioned Bitcoin's strategic readiness may align the EU with world monetary developments whereas selling resilience to financial uncertainty.

Bitcoin as a strategic asset

Kunafo writes:

“No to a digital euro. I agree with strategic preparation for Bitcoin. ”

He cited El Salvador as a main instance of Bitcoin's potential. Regardless of worldwide skepticism, El Salvador adopted Bitcoin as authorized tender three years in the past, and the worth of home Bitcoin investments has since doubled in worth.

Mr. Knafo identified that the financial advantages improved financial safety, empowered the individuals, and offered a mannequin that European nations may emulate. He referred to as on EU nations to acknowledge Bitcoin's strategic significance and comply with El Salvador's lead in rising their reserves.

The congressman additionally famous altering attitudes inside the USA. Federal Reserve Chairman Jerome Powell's description of Bitcoin as “digital gold” and President-elect Donald Trump's evolving stance replicate a rising consciousness of BTC's potential as a dependable monetary asset. It highlights the rise.

shield financial freedom

Knafo warned that the ECB's push for a digital euro indicators a transfer in direction of extreme centralization.

She mentioned:

“It's time to alter the paradigm. It's time to guard the inhabitants from inflation and poor financial decisions of the states. The European Central Financial institution's totalitarian temptation to impose a digital euro fully in its arms. It's time to say no.

As a substitute, she argued that Bitcoin offers a decentralized various, empowering residents and selling financial independence.

Knafo concluded by calling on European leaders to undertake a forward-looking fiscal technique. She argued that Bitcoin permits the EU to safe its financial future, strengthen its resilience and uphold the rules of financial freedom.

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