Advocating for a Strategic Bitcoin Reserve in the European Union

French MEP Sarah Knafo recently called for the European Union to establish a 'Strategic Bitcoin Reserve' to enhance financial autonomy and combat inflation. With a background in public service and political advising, Knafo highlighted the benefits of El Salvador's early adoption of Bitcoin and referenced figures like Donald Trump and Jerome Powell to emphasize growing institutional acceptance. She criticized the EU's financial strategies as outdated and restrictive, pointing out missed opportunities for capital gains. Knafo urged for a shift towards decentralized finance and advocated for a thriving Bitcoin mining sector in the EU, leveraging France's nuclear energy capabilities. Additionally, she called for a reevaluation of taxation policies on cryptocurrency holders, attributing government deficits to inflation and economic instability. Knafo's speech underscored the need for the EU to embrace digital currencies and prioritize financial freedom over centralized control. Read more AI-generated news on: https://app.chaingpt.org/news