Sarah Knafo, far-right deputy from France, proposes a radical shift: creating a strategic reserve of Bitcoin in Europe, opposing the ECB’s CBDC. Her position ignites economic and political debate.
Let’s see all the details in this article.
The French deputy criticizes the digital euro and calls for a strategic reserve of Bitcoin
The European deputy Sarah Knafo, belonging to the French far-right party Reconquête!, has launched a proposal destined to spark discussion: creating a strategic reserve of Bitcoin in the European Union.
During a heated speech in Brussels, the 31-year-old emphasized the importance of protecting citizens from inflation and from the “failed economic decisions” of national governments.
This move follows a recent announcement from the United States, where the elected president Donald Trump has presented similar plans. In any case, Knafo did not limit herself to promoting Bitcoin as a strategic reserve.
In fact, he also launched a harsh attack on the central bank digital currency (CBDC) designed by the European Central Bank (ECB).
The deputy described the digital euro as a danger to individual freedom, evoking dystopian scenarios in which citizens’ transactions are monitored and controlled.
“A world where those who express contrarian opinions risk being excluded from the financial system is unacceptable,”
Knafo stated, echoing the concerns of many critics of CBDCs.
His words, also echoed on social media, have found resonance in a growing global concern: the potential state control resulting from the use of official digital currencies.
According to Knafo, the digital euro could undermine financial privacy, limiting individual freedom under the pretext of economic efficiency.
The American example: the Bitcoin reserve
The inspiration of Knafo comes directly from the United States, where the elected president Donald Trump has recently promised to create a strategic reserve of Bitcoin.
The idea is to use the 20 miliardi di dollari in BTC confiscated from criminals as an investment for the American population.
This announcement marked a groundbreaking change in U.S. economic policy towards cryptocurrencies, historically subject to strict and uncertain regulations.
According to some experts in the crypto sector, this initiative could have a domino effect on a global scale.
Changpeng “CZ” Zhao, co-founder of Binance, recently stated at the Bitcoin Middle East and North Africa conference that, if the United States proceeds in this direction, “other countries will be forced to follow suit to remain competitive.”
Despite Knafo’s determination, it is unlikely that his proposal will find immediate support in the European Parliament. Reconquête! is a marginal party that holds only five of the 81 French seats within the assembly.
However, his position has already had the effect of raising fundamental questions about the management of currency and economic resources in Europe.
In particular, Knafo’s speech comes at a delicate moment for the ECB, which is intensifying tests on the digital euro.
The European institute recently announced that it has made “progress” in developing offline payment solutions through mobile devices.
The goal is to provide a digital currency that combines efficiency and privacy, but many skeptics remain convinced that CBDCs can be easily used as a tool for government surveillance.
Bitcoin: symbol of economic freedom?
According to Sarah Knafo, Bitcoin represents a bulwark against inflation and centralized control. Her speech reflects a vision of the cryptocurrency as a tool of individual freedom, capable of emancipating citizens from financial systems perceived as oppressive.
A view shared also by prominent figures in the crypto world like CZ, who has defined Bitcoin simply as “money” destined to grow in relevance in the coming years.
According to analysts, the institutional adoption of Bitcoin as a strategic reserve could strengthen its stability and position it as a safe long-term asset, somewhat like gold.
However, the challenges related to the volatility of the crypto market and regulation remain significant obstacles.