European Union Member of Parliament Sarah Knafo has urged the bloc to prioritize a Strategic Bitcoin Reserve instead of moving forward with the European Central Bank’s (ECB) digital euro project.
In a Dec. 17 video shared on X, Knafo criticized the ECB’s plan for a centralized digital currency, arguing it risks financial freedom and overreach. She argued that Bitcoin was a better decentralized alternative to protect against inflation and bad monetary policy.
Knafo claimed that an EU strategic Bitcoin reserve will align it with the global financial trends and foster resilience to economic uncertainty.
Bitcoin: a strategy asset
Knafo has written:
“NO to the digital euro. YES to a strategic reserve of BITCOIN.”
The lawmaker pointed to El Salvador as a prime example of Bitcoin’s potential. El Salvador has adopted Bitcoin, which is a form of legal tender since three years ago. Despite the international criticism it received at that time, its Bitcoin investment in El Salvador’s national currency has doubled.
Knafo pointed out that these financial gains improved the economic security of citizens and gave them more control over their lives. It is a successful model which other European nations could follow. She urged EU nations to recognize Bitcoin’s strategic importance and follow El Salvador’s lead by building their reserves.
In addition, the lawmaker referred to shifting attitudes within the United States. Federal Reserve Chair Jerome Powell’s description of Bitcoin as “digital gold” and President-elect Donald Trump’s evolving stance highlight growing recognition of BTC’s potential as a reliable financial asset.
Protecting financial freedom
Knafo warned that the ECB’s push for a digital euro signals a move toward excessive centralized control.
She says:
“It is time to change the paradigm. It is time to protect our people from inflation and the poor economic choices of our states. It is time to say no to the totalitarian temptations of the European Central Bank, which wants to impose a digital euro entirely in its hands.”
Her argument was that Bitcoin provides a more decentralized solution, empowers the citizens, and promotes financial freedom.
Knafo, in her conclusion, called on European leaders adopting a financial strategy that is forward-looking. She claimed that Bitcoin will allow the EU’s economic future to be secured, its resilience strengthened, and the principles of financial liberty upheld.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
