Bitcoin set its latest ATH catching the attention of the European Union.
European Parliament now calls for a Strategic Bitcoin reserve.
They seem to be following Trump’s lead to establish Bitcoin dominance.
Earlier today, Bitcoin set its latest ATH yet at $107,780.58 sending a ripple of bullish sentiment across the crypto market. This ripple effect not only propelled the prices of multiple altcoins and pushed for greater bullish indicators across popular altcoin assets, but it also seems to ignite greater crypto plurality in a political realm.
European Parliament Calls for Strategic Bitcoin Reserve
To highlight, a European MP gives a pro-Bitcoin speech at the European Parliament showing that Bitcoin has now gained one of the greatest mainstream recognition. The fact that Bitcoin is being spoken in a positive light before the European Union is an incredibly bullish sign for Bitcoin and the greater crypto market.
https://twitter.com/BTC_Archive/status/1868956802974728263
At the moment, the crypto market is in the thick of a bullish crypto bull cycle with Bitcoin in the start of its super cycle. This speech at the European Union highlights the need for a Strategic Bitcoin Reserve in the parliament member’s speech as shown in the post above.
Europe Scrambles to Match Trump’s Bitcoin Ambition
This speech not only shows Bitcoin’s remarkable potential but also draws attention of world leaders who seem to be following Donald Trump’s plan to make Bitcoin a national reserve. Europe seems to have caught on to the fact that Bitcoin is here to stay and hopes to match the USA's intention of making Bitcoin a central part of its financial prowess.
So far other nations like El Salvador have already made Bitcoin a legal tender and have since been enjoying the many benefits of their bullishly foresighted decision. Is it time now for other nations to follow its lead? At the moment, Trump seems to have gotten an early start this bull cycle and European nations may follow suit.
The post European Union Catches Trump Fever, MP Gives Pro-Bitcoin Speech Calling for Strategic Bitcoin Reserve appeared first on Crypto News Land.
