More and more countries are positioning themselves on the idea of a strategic Bitcoin reserve since the election of Donald Trump. The idea seemed absurd to our politicians a few months ago, but they will have to change software quickly if they do not want to miss the train. Latest, Germany's former finance minister has defended the idea.
on December 31, 2024 at 12:00 p.m.
Soon a strategic reserve of Bitcoin on the scale of the European Union?
The list of European politicians who are advocating for a strategic Bitcoin reserve continues to grow. In the European Parliament, MP Sarah Knafo took the floor to defend the idea in front of her parliamentary colleagues. In Germany, It was the former Minister of Finance, Christian Lindner, who spoke along these lines.
These positions owe nothing to chance. The election of Donald Trump as president of the United States has set fire to the powder : by taking a position “ aggressive » on the subject, the American president did not really leave other nations a choice.
In the current system, owning a large stock of gold equals an economic deterrent. If Bitcoin were to play this role in international trade, the delay of countries in the race for cryptos would result in a decline in sovereignty. This is precisely what Christian Lindner fears:
Germany and Europe must not let themselves fall behind again in this area. It would therefore be necessary to examine in Frankfurt whether crypto-assets should not also be part of central bank reserves.
👉 Find our guide to buying Bitcoin simply
In addition to a tool of sovereignty, cryptocurrencies will also play an economic role : “ crypto-assets now represent a significant part of the increase in global wealth » notes Christian Lindner.
The United States, which already dominates the global economic machine with the dollar, could take an unbeatable place in the new economy. To achieve this, they can rely on their policy towards cryptocurrenciesbut not only that. The reign of the dollar is taking on a new dimension with the help of stablecoins.
Open an account on Binance, the world's #1 crypto platform
Instead of moving forward on cryptos, Europe is slowing down
Across the Atlantic, mentalities are changing rapidly. In Europe, we still need to reassure when we dare to talk about cryptocurrencies. The former German minister treads cautiously when he talks about reserves in Bitcoin and cryptos:
Nor would anyone have the wisdom to invest everything in them. But as a decentralized system, in which no one person has power, political risks are calculable. And even classic assets like precious metals experience fluctuations.
In France, a petition for the state to establish a national Bitcoin reserve has been filed on the National Assembly website. So far, it has only collected a fraction of the 500,000 signatures needed to move things forward.
Our country could, however, boast of having been a pioneer on the issuewith the creation of the PSAN status and the definition of crypto-assets in the Sapin 2 law. Since then, things seem to be moving slowly.
The fate of decentralized finance (DeFi) is still uncertain and stablecoins that do not comply with the MiCA regulation are prohibited from use on centralized platforms since December 30, 2024.
The risk for Europe: finding itself lagging behind for the umpteenth time, facing the Asian and American economic centers which continue to gain strength. It’s time to react and make things happen.
Ledger: the best solution to protect your cryptocurrencies 🔒
The #1 Crypto Newsletter 🍞
Receive a summary of crypto news every day by email 👌
Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission.
Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Cryptocurrency expert, Marc-Antoine began his journey in Web 3 alongside David Prinçay (current president of Binance France) in the French Cryptocurrency Club. Since then, it is by writing articles in the best-known crypto media in France that he has spread the good word. If you've read an article about crypto, there's a good chance you've read one of his articles. NFT, Blockchain, Web 3, DeFi, there is no sector that is foreign to it. And don't ask him what the next coin to buy is: it's a maximalist Bitcoin (yes, no one is perfect).
Marc-Antoine Caen Poletti
24 items
