Sarah Knafo, member of the EU Parliament, calls for a strategic Bitcoin reserve for the European Union and strongly opposes the introduction of the digital euro. These are their reasons.
• MEP Sarah Knafo criticizes the ECB’s financial policy
• Knafo calls for Bitcoin reserves for the EU
• French MP rejects digital euro
The discussion about the introduction of a digital euro continues to cause a stir in the European Union. A prominent voice in this debate is the French member of the EU Parliament, Sarah Knafo, who strongly opposes the plans of the European Central Bank (ECB) and instead calls for a Bitcoin reserve for the EU. Knafo sees Bitcoin as a solution to counteract inflation and maintain financial freedom.
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Sarah Knafos criticism of the digital euro: Bitcoin as an alternative?
In an X post dated December 16, 2024, Knafo stated her opposition to the digital euro and reiterated her support for Bitcoin as a reserve currency. She wrote: “NO to the digital euro, YES to a national strategic Bitcoin reserve.” In a speech to the European Parliament, which she published on the Inflation and bad economic decisions.”
Knafo points to the increasing support of Bitcoin from other countries, highlighting El Salvador in particular. This country has already adopted Bitcoin as legal tender in 2021 and has made significant profits from it. In her opinion, Europe should learn from this example instead of continuing to rely on strict regulation and taxation of cryptocurrencies.
In her speech, she made it clear that, in her view, the ECB’s planned introduction of the digital euro would be a dangerous step for financial freedom. She sees the digital currency as a “totalitarian attempt” by the central bank to further centralize control over the monetary system.
Christian Lindner and the Bitcoin debate in Germany
Knafo is not the only politician who speaks out against the digital euro. Knafo’s move comes at a time when more and more voices are being heard around the world in favor of creating Bitcoin reserves. In the USA, for example, the discussion about building a strategic Bitcoin reserve grew under President-elect Donald Trump.
Support for the idea of a Bitcoin reserve is also growing in Germany. FDP chairman Christian Lindner, who was until recently Federal Finance Minister, was critical of German politics’ handling of cryptocurrencies in an energetic speech to Chancellor Olaf Scholz and Vice Chancellor Robert Habeck. Lindner criticized the failure to profit from Bitcoin while the German budget struggles with a significant deficit. He called on the federal government not to let Bitcoin’s potential as a valuable reserve go to waste.
Bitcoin on the rise: A new course for Europe?
As attention to Bitcoin increases and its price continues to rise, it is clear that cryptocurrencies could play an increasingly important role as a strategic reserve. Knafo calls on the EU to be bolder and establish Bitcoin as a stabilizing force in an environment marked by inflation and economic uncertainty. If this trend continues to gain momentum, the EU could potentially see a fundamental shift in its financial policy – away from the digital euro and towards a strategic Bitcoin reserve.
Editorial team finanzen.net