Donald Trump’s pro-cryptocurrency stance and his plan to establish a strategic Bitcoin (BTC) reserve have sparked widespread attention and discussions on a global scale.
While interest in Bitcoin continues to grow across various nations, French Member of Parliament Sarah Knafo has called for the European Union to create its own Bitcoin reserve. This suggestion follows the trend set by other countries, particularly the United States, which has taken a leading role in promoting cryptocurrency.
The idea gained further traction from former German Finance Minister Christian Lindner, who criticized Chancellor Olaf Scholz for neglecting Bitcoin in Germany’s financial strategy.
Speaking in the Bundestag, Lindner pointed out that the United States has emerged as a global leader in cryptocurrency-friendly policies, and he accused both the German government and opposition parties of overlooking the economic potential of Bitcoin.
Lindner expressed concern that key German leaders, including Chancellor Scholz, Economy Minister Robert Habeck, and Opposition Leader Friedrich Merz, were not acknowledging the growing significance of cryptocurrencies in the global economy. He argued that Germany was falling behind, especially in comparison to the US, which is positioning itself to benefit from Bitcoin’s potential.
Lindner also highlighted a missed opportunity in Germany’s past decisions, criticizing the government for selling significant amounts of Bitcoin at prices far below their current value. He noted that while the US is embracing Bitcoin to boost its economy, Germany risks losing out on the advantages that cryptocurrencies offer.
Traders are rapidly shifting their focus to Ethereum and altcoins after Bitcoin’s recent all-time high triggered widespread retail FOMO.
BSTR Holdings Inc. is set to become the fourth-largest public holder of Bitcoin, announcing it will launch with 30,021 BTC on its balance sheet as part of its public debut.
The cryptocurrency market is experiencing a notable shift in capital flows as Bitcoin’s market dominance has dropped to 61.6%, marking a 2.36% decrease.
French lawmakers have introduced a groundbreaking proposal that would turn excess electricity from energy producers into a valuable digital asset—Bitcoin.