Sarah Knafo, a member of the European Parliament, gave a pro-Bitcoin speech in the European Parliament on December 17, calling for the establishment of a “Bitcoin strategic reserve” while opposing the digital euro. The politician believes in Bitcoin’s decentralized nature, limited supply, and growing adoption.
The member of parliament believes that Bitcoin’s nature makes it an attractive option for governments to diversify their reserves and hedge against uncertain economic times. Knafo also wants the government to stop taxing cryptocurrency holders.
Sarah Knafo insists on Bitcoin’s potential
"It’s time to bet on freedom. It’s time for our states to invest in #Bitcoin to build national strategic reserves." – @Knafo_Sarahpic.twitter.com/WLrbyg4WER
— Michael Saylor⚡️ (@saylor) December 17, 2024
Sarah Knafo acknowledged the efforts made by the president of El Salvador, Nayib Bukele, three years ago to invest in cryptocurrencies for his country. She revealed that despite Bukele being booed by the political class and the IMF, today, he has a 100% surplus value of the hundreds of millions of dollars available for his people for the security and sovereignty of his country.
The politician disclosed that the whole world is prepared to take advantage of the decentralized financial revolution. She gave an example of Trump’s plan to build a strategic Bitcoin reserve for the U.S. and Jerome Powell, SEC chair, talking of “digital gold.”
The MP also acknowledged that Bitcoin is exploding, but the European Union is squandering money because of unbelievable mismanagement. She said the EU continues to accumulate inflationary deficits and persists in regulating taxation and slowing down.
The Cour des Comptes member believes it is time for a paradigm shift. Knafo said it is time to protect their people from inflation and the European Union’s poor economic choices. She believes it is time to say no to the totalitarian temptations of the European Central Bank, which wants to impose a digital Euro entirely under its control.
Sarah Knafo believes it is time to bet on financial freedom
The French magistrate said that they don’t want a dystopian world where a European bureaucrat will be able tomorrow to prohibit certain transactions and eliminate people from the banking system with a click, for a simple comment made on social networks or for an opinion that displeases.
“It is time to bet on freedom. It is time for our state to invest in Bitcoin to build national strategic reserves.”
~ Sarah Knafo, European member of parliament.
Sarah Knafo also believes that it’s time for the European Union to develop the mining industry because the French hold the cards with their nuclear assets.
The politician urged the parliament to stop taxing cryptocurrency holders more and more. She said that it is their intelligence, risks and sleepless nights that have built up their savings. Knafo wants cryptocurrency holders to be able to protect themselves from the crazy cycle that the state has created.
The Member of Parliament also revealed that the public deficit that pushes towards monetary creation also creates inflation, which leads to chaos. She urged the parliament to dare to be free and stop being afraid of their shadows. “Let us remain faithful to the ambition of our civilization,” she added.
The European Central Bank published its second progress report on December 2 on preparing a digital euro. The European Union claims that the digital euro is designed to provide more privacy than other digital payment methods. It also revealed that the digital euro would allow people to make secure payments in physical and online stores irrespective of the euro area country they are in or their payment service provider.
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