EU Parliamentarian Advocates for Bitcoin as Strategic Reserve Asset

The European Parliament (EP) is considering adopting Bitcoin (BTC) as a strategic reserve asset, according to a proposal by Sarah Knafo, a member of the EP. Proposal Rationale: Knafo emphasized Bitcoin's decentralized nature, limited supply of 21 million coins, and growing global adoption as key reasons for its suitability as a reserve asset. She argues that these characteristics provide potential hedges against economic uncertainties. Opposition to Digital Euro: Knafo also expressed opposition to the European Central Bank's proposed digital euro, stating that it could potentially erode privacy and increase government control over financial transactions. She believes decentralized cryptocurrencies like Bitcoin offer more freedom and protection. The EP's proposal is still under discussion and requires approval from various bodies before it can become law. However, it signals a growing recognition of Bitcoin's potential as a strategic reserve asset.