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In a bold assertion, French lawmaker Sarah Knafo calls for a Bitcoin strategic reserve to mitigate inflation and protect citizens’ financial freedom amid economic uncertainty. Speaking in Brussels, Knafo emphasizes the need for a paradigm shift in European monetary policy, urging a move away from dependency on traditional currencies. Knafo’s fervent plea resonates with concerns over potential government overreach in financial transactions, warning of a future where citizens might face limitations based on their digital footprints. This article discusses Sarah Knafo’s advocacy for a Bitcoin strategic reserve in Europe as a safeguard against inflation and potential government control over digital currencies. Sarah Knafo Advocates for a Bitcoin Strategic Reserve in Europe At a recent gathering in Brussels, Sarah Knafo, a newly elected 31-year-old member of the French parliament, resonated with the sentiments of many crypto enthusiasts by advocating for the establishment of a Bitcoin strategic reserve. Her proposal mirrors similar discussions taking place in the U.S. following President-elect Donald Trump’s suggestion to allocate seized Bitcoin as a reserve for the American people. Knafo’s rationale, centered on the urgent need to combat inflation and problematic government fiscal policies, underscores a growing unease within European politics regarding traditional monetary systems. She stated, “It is time to protect our people from inflation and the poor economic choices of our states,” emphasizing her commitment to using Bitcoin as a protective measure. The Future of Digital Currencies in Europe: Challenges and Opportunities As discussions deepen concerning digital currencies, Knafo’s statements come at a time when both skepticism and acknowledgment of cryptocurrencies are evolving globally. The European Central Bank (ECB) is currently exploring the rollout of a Central Bank Digital Currency (CBDC), which Knafo cautioned could lead to a dystopian world of transactional control. Critics of the ECB’s plans express concerns that a digital euro might…

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Filed under: News - @ December 17, 2024 6:26 pm