European MP Calls for EU to Embrace Bitcoin Reserves Like El Salvador

European MP Sarah Knafo is advocating for the European Union to adopt a strategic Bitcoin reserve, arguing it could serve as a safeguard against the risks associated with centralized digital currencies. In a recent video shared on X, Knafo criticized the European Central Bank's (ECB) plans for a centralized digital euro, claiming it threatens financial freedom and could lead to overreach. Instead, she promotes Bitcoin as a decentralized solution to counter inflation and poor monetary policies.

Bitcoin as a Strategic Asset

Knafo emphatically stated, "NO to the digital euro. YES to a strategic reserve of BITCOIN." She pointed to El Salvador as a prime example of Bitcoin's potential, citing the country’s successful adoption of Bitcoin as legal tender three years ago, which has since resulted in a doubling of its Bitcoin investment. This success has reportedly improved economic security and empowered citizens, providing a model that other European nations could follow.

Knafo also referenced changing perceptions in the United States, noting Federal Reserve Chair Jerome Powell's description of Bitcoin as "digital gold" and Donald Trump’s evolving stance on cryptocurrency, highlighting the growing recognition of Bitcoin as a reliable financial asset.

Protecting Financial Freedom

Knafo raised concerns that the ECB’s push for a digital euro indicates a shift toward excessive centralized control. She stated:

"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." Instead, she argues that Bitcoin provides a decentralized alternative, empowering citizens and promoting financial independence. Knafo urged European leaders to adopt a forward-thinking financial strategy, asserting that Bitcoin could help the EU secure its economic future, enhance resilience, and uphold the principles of financial freedom.