According to CoinGecko data, on December 17, the price of Bitcoin reached $108,135 for 1 BTC. Later, the asset's value corrected to $106,000-107,000.
Since the beginning of the year, the price of Bitcoin has increased by more than 150%. At the same time, the dominance of the first cryptocurrency in the virtual assets market reached 54% (this means that Bitcoin's market capitalization accounts for more than half of the total value of the entire industry). Against the backdrop of the cryptocurrency surge, members of the European Parliament called on the European Union to create a strategic Bitcoin reserve. The idea was put forward by representative of the "Rekonquista" party, Sara Knapho, highlighting the advantages of the first cryptocurrency:
decentralization;
limited issuance;
growing adoption.
In this context, Knapho urged to consider Bitcoin for diversifying reserves and hedging against economic uncertainty. She compared the development of digital asset regulation worldwide, mentioning the legalization of the first cryptocurrency by El Salvador and the program of the elected president of the United States.
At the same time, the MEP expressed regret that the authorities of EU countries are mainly focused on regulation, taxation, and suppressing innovation.