The post Binance Founder Changpeng Zhao Claims EU Needs Bitcoin appeared on BitcoinEthereumNews.com.

The European Central Bank (ECB) President Christine Lagarde’s recent statement on a strategic Bitcoin reserve has sparked widespread criticism. Binance founder Changpeng Zhao believes the European Union needs Bitcoin, contradicting Christine Lagarde’s assertion that the EU will never include it in its reserve. CZ’s Bitcoin Endorsement Ignites Hope In a recent X post, Binance founder and former CEO Changpeng Zhao, also known as “CZ,” stated, “EU needs Bitcoin.” His words sparked widespread attention as it followed ECB President Christine Lagarde’s controversial decision on the BTC reserve. In response to CZ’s comments, many pointed out the importance of the European Union including the crypto asset in its reserve. According to crypto proponents including CZ, Bitcoin is a necessity for the EU, and not a choice. Embracing the Future: Why the EU Needs BTC While the ECB disregards Bitcoin as a secure asset, industry experts see the asset as the future of finance. Donald Trump intends to turn his country into a “Bitcoin superpower” and a crypto capital. Corroborating CZ’s bold statement, experts highlighted BTC’s potential in a world facing the devaluation of the traditional finance system. As inflation surges and central banks exert unprecedented control, the fiat system is crumbling. While this creates havoc, experts see Bitcoin as the only solution. Crypto enthusiasts have fired back at Lagarde’s assertion that the asset isn’t secure, pointing out that BTC has never been hacked. They argue that Bitcoin boasts the most secure computer code ever written. This bold statement is grounded in its robust security architecture, which leverages its decentralized design, advanced cryptography, and the most secure blockchain infrastructure. This signifies that Changpeng Zhao’s endorsement of Bitcoin is echoed by the entire cryptocurrency community. Will ECB Reconsider Its Skeptical Approach? In a recent development, ECB President Christine Lagarde expressed her opposition to the…

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Filed under: News - @ February 1, 2025 6:11 am