Bitcoin Support in the European Parliament: Give Up on the Idea of Digital Euro! - Coin Bulletin

Member of the European Parliament Sarah Knafo argued that Bitcoin should be recognized as a strategic reserve and expressed her opposition to the digital euro.

Member of the European Parliament Sarah Knafo emphasized the potential of Bitcoin in her recent speech at the European Parliament, expressing her views against the digital euro.

Knafo stated that Bitcoin's decentralized structure, limited supply, and increasing adoption could be a kind of guarantee and reserve diversification tool against economic uncertainties for governments.

Knafo argued that Bitcoin should be considered as a strategic reserve for the financial future of Europe. The limited supply and security of Bitcoin provide a strong foundation for it to play an important role in the future of digital currencies.

Especially in today's increasing economic uncertainties, the increasing acceptance of Bitcoin by more and more people and institutions could make it an alternative reserve asset.

While the digital euro project is on the agenda in Europe, Knafo's strong support for Bitcoin is being closely watched by cryptocurrency investors. According to Knafo, the centralized nature of the digital euro as a government-controlled digital currency does not align with the freedom and decentralized structure offered by Bitcoin. Therefore, Knafo advocates for a broader place for Bitcoin in the economic system and stated that Europe needs to reconsider its financial strategy.

Knafo's speech is being met with great interest by cryptocurrency investors and Bitcoin advocates, and is considered an important step that will shape the future financial structure of Europe. The possibility of Bitcoin being used as a reserve could lead to wider acceptance of cryptocurrencies worldwide and cause significant changes in the global financial system.