‘No to CBDC, yes to Bitcoin’ — European MP calls for EU BTC reserve

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Quote from: Z-tight on December 19, 2024, 10:06:46 AM

Cbdc is pro-surveillance, i don't like anything that gives the government more control over people, i don't like cbdc's but the government love it and they would surely not back down because a few members of parliament suggest so. However, they can still get their cbdc and still get BTC to be a strategic reserve if they want to, though i am not too optimistic about that happening anytime soon in the EU.

The name says many things. It's CBDC, Central Bank Digital Currency. The name means it's a currency from central bank, but different a little bit than tradtional fiat currency, it's digital.

Digital here means blockchain technology will be applied for those CBDCs, because before CBDCs, there are digital forms of central bank currency in bank transfers and international remittances.

CBDCs certainly will be very centralized from development, launch, operation and surveillance. Governments want to have working CBDCs to surveil their citizens more and better but it's not favorite choice for citizens of any country.

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Cbdc is pro-surveillance, i don't like anything that gives the government more control over people, i don't like cbdc's but the government love it and they would surely not back down because a few members of parliament suggest so. However, they can still get their cbdc and still get BTC to be a strategic reserve if they want to, though i am not too optimistic about that happening anytime soon in the EU.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

BTC to 1M in one day is not realistic by any means, we need to know that the current capital is already massive in order to move 10x we need a 10x inflow of capital which is not likely going to happen in the near future.

Honestly, Bitcoin will follow the market valuation of 1M in the near future n=but in the current cycle according to my speculation this is not likely going to happen and for sure we can move to 1M in short intervals event that short interval is going to be from 90 to 120 days.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

Thing is, that she didn't even seem to make any proposal, but just said this as a side note in a statement against CBDC proposal.

As every bitcoiner knows CBDC and Bitcoin reserve aren't even remotely related, so it sounds like she doesn't understand what she is talking about by connecting them in same issue. It sounds more like she is just parroting trump's talking points in order to get some more of his french followers to her side. She also probably wants to test how people would react.

Another thing is, that's one Mep from French, that has 81 Meps probably not sharing her view. And that she is part of an ultraconservative group called ESN that has 27 Meps which don't agree on everything either. And there are 720 Meps total.

So even if this will be actual proposal in the future, changes this moving anywhere even from fist reading of the council are low.

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Quote from: el kaka22 on December 19, 2024, 01:31:31 AM

These two things do not contradict each other though? I mean they can make CBDC and they can also have bitcoin reserves at the same time as well. I never really understood the whole idea of a CBDC to be fair, I felt like that was something they do not need, not like people actually print money in cash form anymore anyways, it is mostly digital so there is really no need for a digital euro anymore, it's mostly digital anyways.

However, even if they do that, it is not preventing them to invest into bitcoin as a strategic reserve neither, they can do that and that's the most important part. I believe that we can see this happening quite soon as well, if USA ends up doing it under Trump, then we can see Europe starting to look at doing the same.

CBDC is just a flashy name for the same old thing in a new wrap-up, in my opinion, and I agree with you - it can coexist with BTC reserves, though two of them are two completely different things and assets.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

The question is why are other countries starting to get interested in a strategic reserve of bitcoin, do they want to show strength in their country's capabilities? Trump certainly said that during his campaign and he probably sees this as a great strategy to influence more countries to join the idea. Is it possible that this is a strategy to protect the dollar and this is just a stupid question that might come out of my mouth personally?

Quote from: _act_ on December 17, 2024, 11:45:29 AM

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

The possibilities will become more real when that happens and maybe there will be $1 million after other countries will have a strategic reserve of bitcoin and I think that is possible because nothing is impossible.

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Quote from: ? on December 18, 2024, 08:24:22 PM

The idea of bitcoin becoming a strategic reserve blows my mind honestly. It's like we're watching history being made and i'm here trying to wrap my head around what that means for people like me. If the US or any big country moves forward with this, it could completely shift the way we think about money and global power. bitcoin hitting $1M? That's no longer just some dream–it's real possiblity if governments start stacking it.

And what's scary is what will be in the next bull run, not the current one, because in 2024, it was about institutional whales who get in the market and push the price to $69k. Now we have government making it as their strategic reserves that can push the market to $150k-$180k or higher this bull run.

But what about in the next 4 years? What will be the catalyst for another push and seeing the price in the $500k or even $1 million.

That is something that we need to ponder and just continue to stack as much as we can for the future.

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These two things do not contradict each other though? I mean they can make CBDC and they can also have bitcoin reserves at the same time as well. I never really understood the whole idea of a CBDC to be fair, I felt like that was something they do not need, not like people actually print money in cash form anymore anyways, it is mostly digital so there is really no need for a digital euro anymore, it's mostly digital anyways.

However, even if they do that, it is not preventing them to invest into bitcoin as a strategic reserve neither, they can do that and that's the most important part. I believe that we can see this happening quite soon as well, if USA ends up doing it under Trump, then we can see Europe starting to look at doing the same.

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Quote from: fuguebtc on December 18, 2024, 11:07:51 PM

https://www.reuters.com/technology/fed-cant-hold-bitcoin-not-seeking-change-that-powell-says-2024-12-18/

So what? The nearly 200K bitcoins already held by the US are also not held by the Fed.

Unfortunately, it looks like the EU will be among the last of the major countries to implement such a strategic reserve. Among the countries that we hear are planning to do something about it, there is not one from the EU, here they are more concerned about manufacturing caps that do not come off plastic bottles.

The big economic sectors of the next 5-10 years, which are going to change the world, are going to be AI and Bitcoin, both of which require huge amounts of energy. And neither of those sectors are going to be cutting edge in the EU.

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Quote from: BlackBoss_ on December 17, 2024, 09:24:18 PM

Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

United States are going to do this with smart administration of the President Elect Donald Trump. It's about one more month till his inauguration day and he will kick it off very soon.

It seems that Trump's idea of making bitcoin a national reserve will face many challenges and difficulties . At the recent Fed meeting, Chairman Powell stated that the Fed has no right and no intention to hold bitcoin because this would go against the policy of maintaining stability and protecting the stability of the traditional system. He also stressed that he has no plans to seek changes or push for changes to existing regulations to give the Fed the power to hold bitcoin. And as far as I know , the Fed holds the national reserves, not the US government .
Perhaps this statement from the Fed is the reason for the market correction today .

Quote from: BlackBoss_ on December 17, 2024, 09:24:18 PM

European Union and ECB have more complicated structures so that they will need more time to make it happens, if they want to buy bitcoin for ECB reserve. An individual, a single country have more convenient to do policies they want, but as a European Union with many countries engaged, it will be more complex to change policy and to execute a new policy.

It's good news certainly.

But if the United States succeeds in making bitcoin a national reserve currency, the rest of the world will quickly follow suit, including the European Union. Like when the United States left the gold standard and the whole world had to follow suit.

https://www.reuters.com/technology/fed-cant-hold-bitcoin-not-seeking-change-that-powell-says-2024-12-18/

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The idea of bitcoin becoming a strategic reserve blows my mind honestly. It's like we're watching history being made and i'm here trying to wrap my head around what that means for people like me. If the US or any big country moves forward with this, it could completely shift the way we think about money and global power. bitcoin hitting $1M? That's no longer just some dream–it's real possiblity if governments start stacking it.

EarnOnVictor

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

The lousiness of Trump might shoot his country in the leg eventually, he just wanted to win the election and was ready to say what people loved to hear. Now, the repercussion is calling and he will not like it. Trump who recently warned BRICS in favour of the USD may not be able to hold other countries if the strategic reserve of a thing becomes a success. This is where Trump will tread carefully going forward.

However, optimistic talks like this happen during the bull run, and it might douse down between 2025 and 2026. And surely, a lawmaker is a single person, even if they are many, it doesn't still mean they will win at the parliament. There are more risks to this than we think, so countries like the EU would want the US to be the litmus test, they won't rush.

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Well, I expected all these to happen sooner or later. Since trump was elected us president, Bitcoin market had already skyrocketed and now we are above the $100k mark that's really amazing. More countries will start making their own BTC reserve and thus growing it's adoption world wide. I guess they don't even need to wait for the us to get theirs because China is already working on this idea. With all these adoption from world class countries we should expect Bitcoin to get to the $1M in the future that's guaranteed.

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Quote from: suzanne5223 on December 18, 2024, 12:37:17 PM

Bitcoin reaching the price range of $1 million per coin is inevitable, footing the structure Satoshi used to create the BTC system, but when it is going to happens is what we don't know, and Trump, bullish on BTC, could fast track it because another country will allow if US adopt BTC as a reserve.

I am bullish on Bitcoin but I don't know about price like $1M for 1 bitcoin. It is toooo much, but it is possible. I only don't know when and like how long will it take for Bitcoin to reach $1M?

I guess it won't happen soon, maybe next 4 or 5 Bitcoin halvings and market cycles, even more. I really don't expect it too happen sooner like next 2 or 3 Bitcoin halvings and market cycles.

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It is good that we see what we're hoping for, which is one of the world's leading country presidents that will adopt and acknowledge BTC, and it's good we see such movement through Trump. However, we have to wait for him to take action first before we conclude because politicians can be funny sometimes.

I am bullish on Bitcoin future and support from Trump for Bitcoin. His adminstration is possibly very bullish and friendly on Bitcoin, so it can pave a solid foundation for Bitcoin to the $1M Moon. Sometimes in life, there are things that can not be reversed like Bitcoin, its genesis block and its adoption growth.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

Bitcoin reaching the price range of $1 million per coin is inevitable, footing the structure Satoshi used to create the BTC system, but when it is going to happens is what we don't know, and Trump, bullish on BTC, could fast track it because another country will allow if US adopt BTC as a reserve.

It is good that we see what we're hoping for, which is one of the world's leading country presidents that will adopt and acknowledge BTC, and it's good we see such movement through Trump. However, we have to wait for him to take action first before we conclude because politicians can be funny sometimes.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

A day will come when Bitcoins will be sold at a premium over the market price because the supply will become extremely scarce. I understand that many countries are finding it lucrative to create a Bitcoin reserve but that will actually not be good for the common people like us.

Too much of governor corporate money will eventually ruin the crypto market and it's decentralized nature. These entities are sitting on a pile of cash which they can utilise to become a dominant player of the market and move the market as per their own will. Not good!

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Quote from: Darker45 on December 17, 2024, 09:59:27 PM

Quote from: pakhitheboss on December 17, 2024, 01:17:13 PM

Chill! Guys, CBDC is more important than Bitcoin. They are creating an impressive performance because Bitcoin price is more than they ever imagined. What we are watching is just another way to look Bitcoin is more important than CBDC before they take it down or add numerous tax.

How is it that CBDC is more important than Bitcoin? CBDC is equal to state control, surveillance, censorship, intrusion, and the like while Bitcoin is all about freedom, privacy, independence, ownership, and so on.

While much of Bitcoin's attention these days are indeed due to its price performance, the bottom line in all of this is Bitcoin's features. Although there certainly are investors that are oblivious to Bitcoin's fundamental principles, those who are risking big in it are certainly convinced of what Bitcoin truly offers. Or so I hope.

CBDC does not benefit the people but will bring more benefits to the government, so it will be more important to the government. The government doesn't like freedom, privacy, independence...what they want is to control the people as much as possible.

In my opinion, what's going on is just FOMO, nothing more, nothing less. Many new investors jump into the market because they see the price of bitcoin rising so fast and their goal is to make a profit. I don't see anyone interested in its use cases like old investors.
Since bitcoin crossed $100k, interest in bitcoin in my area has increased, but they are only interested in how to make a profit and exit the market when the target is reached. I don't see many people saying they are interested in using bitcoin to hedge against inflation or reduce dependence on government.

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Quote from: pakhitheboss on December 17, 2024, 01:17:13 PM

Chill! Guys, CBDC is more important than Bitcoin. They are creating an impressive performance because Bitcoin price is more than they ever imagined. What we are watching is just another way to look Bitcoin is more important than CBDC before they take it down or add numerous tax.

How is it that CBDC is more important than Bitcoin? CBDC is equal to state control, surveillance, censorship, intrusion, and the like while Bitcoin is all about freedom, privacy, independence, ownership, and so on.

While much of Bitcoin's attention these days are indeed due to its price performance, the bottom line in all of this is Bitcoin's features. Although there certainly are investors that are oblivious to Bitcoin's fundamental principles, those who are risking big in it are certainly convinced of what Bitcoin truly offers. Or so I hope.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

United States are going to do this with smart administration of the President Elect Donald Trump. It's about one more month till his inauguration day and he will kick it off very soon.

European Union and ECB have more complicated structures so that they will need more time to make it happens, if they want to buy bitcoin for ECB reserve. An individual, a single country have more convenient to do policies they want, but as a European Union with many countries engaged, it will be more complex to change policy and to execute a new policy.

It's good news certainly.

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Quote from: Ojima-ojo on December 17, 2024, 02:18:58 PM

You can't expect less from a capitalist who want to maximize every point of profits making, the reason why Trump have adopted bitcoin in a major reserve funds and ETFs and regulations and more is because of the fact that Trump have seen a lot of prospects in bitcoin as an asset that can be held for long term financial gains, so for he has set alot of examplea and others will follow soon, but what will give me more positive feelings is when bitcoin will be adopted fully as alternative to the United States dollars just like El Salvador adopted bitcoin on October 21-2021.

I will actually wait for the whole saga to pass before giving verdicts but it is actually a good thing not because the US government is actually looking towards bitcoin but rather the man who himself had actually FUD bitcoin in the past as an asset which wouldn’t grow and now to addressing it as something very important. More of his kind will continue to come forward to eat their words up.

As for the CBDC there is no reason getting surprised about the government bashing it aside because they have definitely seen how it had failed long from the start. Bitcoin isn’t in par with something related to fiat currencies rather it is with precious metals like gold. As for bitcoin been maybe a legal tender to the US dollars this will definitely hamper their currency as we all know the areas where bitcoin will definitely outperform it. Let’s simply leave bitcoin in the category of gold asset and it’s like, even at that bitcoin to me is still primed to go to $1m

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Bitcoin getting to a million dollars is quite possible given the idea the adoption increases drastically however on the other hand it's quite too optimistic for now if you ask me. Infact before bitcoin actually hit a 100k during the very first periods of the pump just after Trump won the US election, frankly speaking many persons thought it was just a short pump just before we would retrace back to around 60k + anyways it didn't end up like that.

The US may still have some bitcoin hodling though It may not be much. Besides I'm not too surprised about news like this because I had the feeling that this pump will actually cause some countries to want to try bitcoin investments or reserves rather.

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Quote from: Frankolala on December 17, 2024, 12:25:15 PM

Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

All thanks to Donald Trump who has woken up other countries government from their slumber to see that bitcoin is worth using as a reserve funds because it's an edge to inflation. I know that since US is the world power, other countries are looking up to them on the steps they take towards a healthy economy. This is good news and we should keep hodli and don't sell your bitcoin because soon it will more very expensive, because it will be a competition for government and big tech firm on bitcoin accumulation.

You can't expect less from a capitalist who want to maximize every point of profits making, the reason why Trump have adopted bitcoin in a major reserve funds and ETFs and regulations and more is because of the fact that Trump have seen a lot of prospects in bitcoin as an asset that can be held for long term financial gains, so for he has set alot of examplea and others will follow soon, but what will give me more positive feelings is when bitcoin will be adopted fully as alternative to the United States dollars just like El Salvador adopted bitcoin on October 21-2021.

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If the United States of America decides to use bitcoin as her reserve, there is no doubt that the price of Bitcoin will skyrocket and other countries will follow suit because United States is just like the model country. But what I do not understand is why we project bitcoin to reach $1 million whilr it has not even hit $200,000 rate alone $500,000. I think it will be fine if we are not price conscious in this whole journey. Before now the government is to be against Bitcoin in all ramification but today we have gotten a pro-bitcoin president. This is a clear indication that the future is very bright for bitcoin and her adopters.
However, if it's a debate of either BTC or CBDC, I'm confident that bitcoin will win.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

This is it. Most of the countries are looking to the US for their decision on having a bitcoin reserve for them to follow. As we already know just as with the dollar the US will do all in its power to gain control and regulate bitcoin. It is going to happen irrespective of if bitcoin goes to $1 million or not. The stone that the builders rejected has become the chief corner stone. We'll wait for next year to watch Trump's body language with regards to bitcoin and making it a reserve.

bitbollo

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IF these laws are not pushed from the top of pyramid no one will cares on bitcoin on whatever.
We know very well that our politics is just demanded to lobbies and just few people are doing their work.
There is interest for bitcoin? No I don't think so. There is interest for adoption? Maybe 1-2% of population want this?

We will have something like a BTC Reserve in EU with 1million euro per coin and not less...

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

Sarah Knafo is thirty one years old and it is common to see young people supporting Bitcoin. As the old politicians who have little understanding about Bitcoin are replaced by young people, friendly crypto proposals or bills will be sponsored in the parliament of some countries.

We don't know os she will have the needed support that will make her proposal to gain the majority support. But I am sure that more nations will adopt Bitcoin as a reserve immediately after the US takes that step. And the price of Bitcoin will increase. But we should also be prepared for centralization which will make it easy for them to manipulate the market at will.

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Chill! Guys, CBDC is more important than Bitcoin. They are creating an impressive performance because Bitcoin price is more than they ever imagined. What we are watching is just another way to look Bitcoin is more important than CBDC before they take it down or add numerous tax.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

If this happens then definitely BTC going to touch $1 million, just a disclaimer NFA just me being excited haha but hitting $1 million is still possible. But I think the most impact can only be made by USA adoptions of BTC into national reserves other countries won't do that and before USA in our dreams hehe.

Although Donald proved to be a big deal for crypto as before many including me have fingers crossed but he is making crypto adoption more streamlined and he is not even in the full power now I think after 20th Jan big things are coming not only for crypto but for many other problems he promised to solve ongoing in the world like war.

If EU also added BTC then things might become more centralized, but as I said it's hard for many EU countries to adopt BTC.

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It's just the lawmaker, there will be BTC reserve as well in the EU if the US starts it. Not the other way around.

But sure this will push the price of BTC up if more countries are going to keep up with Us having their BTC reserves as well. No one wants to be left behind. Lucky for those countries capable of mining BTC through their resources, they can just mine BTC. Not have to buy more using the tax payers money.

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Quote from: _act_ on December 17, 2024, 11:45:29 AM

United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

All thanks to Donald Trump who has woken up other countries government from their slumber to see that bitcoin is worth using as a reserve funds because it's an edge to inflation. I know that since US is the world power, other countries are looking up to them on the steps they take towards a healthy economy. This is good news and we should keep hodli and don't sell your bitcoin because soon it will more very expensive, because it will be a competition for government and big tech firm on bitcoin accumulation.

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United States president elect Donald Trump started this. Some countries are showing signs that they may follow or may even begin
bitcoin strategic reserve before United States. This is coming from an European Union lawmaker.

Quote from: https://cointelegraph.com/news/european-mp-pro-bitcoin-eu-parliament-no-digital-euro

European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB).

If United States adopt bitcoin as a strategic reserve, many countries will definitely follow. You know what that means, creating the way of possibility that bitcoin getting to $1 million one day is possible.

Topic: ‘No to CBDC, yes to Bitcoin’ — European MP calls for EU BTC reserve (Read 305 times)