Bitcoin advocate Michael Saylor has suggested that the European Union (EU) should consider buying Bitcoin, especially after the Euro’s recent decline against the US dollar.
Why Is the Euro Losing Value?
📉 The Euro (EUR) fell from 1.08 to 1.07 against the USD after the Federal Reserve hinted at possible interest rate cuts later this year.
🔹 The Fed has kept interest rates steady between 4.25% and 4.50% since December
🔹 US President Donald Trump is pressuring the Fed to cut rates further
🔹 A rally in US stocks and bonds has strengthened the US dollar, weakening the Euro
Saylor: “Europe Needs Bitcoin”
💬 Saylor, the executive chairman of MicroStrategy, believes Bitcoin could help protect the EU’s financial system.
He posted on X (formerly Twitter):
🚀 “Europe gonna need Bitcoin.”
His argument? If the EU had held BTC, it could have served as a hedge against the Euro’s decline—similar to how Bitcoin has outperformed the Turkish Lira (TRY) since 2021.
At the time of writing, BTC is trading at $85,400, up 2.6% in the last 24 hours.
Could the EU Follow El Salvador’s Bitcoin Strategy?
💡 European Parliament member Sarah Knafo has urged the EU to create a Bitcoin reserve.
She pointed to El Salvador’s success after adopting Bitcoin as legal tender. Since then, the country’s economy has improved, driven by pro-Bitcoin policies from President Nayib Bukele.
Will the EU follow suit, or will Bitcoin remain an outsider in Europe’s financial system? Let us know what you think! 🔥👇
