NEWSLETTER
bitcoin Michael Saylor has publicly declared that the European Union should consider buying bitcoin, especially after the euro experienced a recent value fall. According to reports, the euro (EUR) weakened against the United States dollar (US dollar) Since yesterday.
The decrease followed a Federal Reserve report that many interpreted as leaning towards lower interest rates in the future. He The value of the euro It fell from 1.08 against the USD on Thursday to its current level of 1.07.
<blockquote class="twitter-tweet”>
“Europe will need bitcoin” – <a target="_blank" href="https://twitter.com/saylor?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>@Saylor
With the increase in debt, inflation and financial centralization, a digital euro (CBDC) ready for launch in 2025, bitcoin is not just an option, it is the alternative … The question is not if but when Europe will realize. https://t.co/3akoubbwy pic.twitter.com/AG01HKR4EX
– btc Prague (@btcprague) <a target="_blank" href="https://twitter.com/BTCPrague/status/1902708757898924090?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>March 20, 2025
Euro under pressure after fed signals
The recent weakening of the euro occurred after the Fed decided to keep the stable interest rates. These rates have remained between 4.25% and 4.50% since December. However, Federal Reserve According to reports, President Jerome Powell suggested the possibility of a rate cut of 50 base points before the end of 2025.
In addition, the Central Bank has been under pressure From the president of the United States, Donald Trump, to reduce interest rates, claiming that this is the appropriate course of action.
Greenback has increased in relation to other currencies, particularly the euro, as a result of the demonstration in US shares and bonds.
Saylor's bitcoin field as a possible hedge
Saylor, executive president and co -founder of Microstrategy (now strategy), said on social networks that bitcoin could provide a remedy in the midst of this currency movement. In a public statement this week, Saylor seemed to urge the European Union to proceed quickly with any intention to buy btc.
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EUR will need btc
– Michael Saylor (@saylor) <a target="_blank" href="https://twitter.com/saylor/status/1902689130028429604?ref_src=twsrc%5Etfw” rel=”nofollow noopener” target=”_blank”>March 20, 2025
He implied that if the EU had maintained bitcoin, he could have acted as a protection against the recent decrease in the value of the euro. For the context, the <a target="_blank" href="https://www.coingecko.com/en/coins/bitcoin” target=”_blank” rel=”noopener nofollow”>bitcoin price It has increased by 2.6% against the US dollar in the last 24 hours, quoting to $ 85,400, at the time of writing.
Saylor also pointed out how the US dollar has far exceeded the Turkish lyre (Try) since 2021, and how this has resulted in a significant devaluation of the Turkish currency. He noted that bitcoin has been among high performance assets in the same period.
EU's cryptographic potential wins traction
A member of the European Parliament, Sarah Knafo, recently <a target="_blank" href="https://dig.watch/updates/french-mp-sarah-knafo-urges-eu-to-adopt-bitcoin-for-financial-autonomy-and-liberty” target=”_blank” rel=”noopener nofollow”>He urged the EU Consider establishing a strategic bitcoin reserve.
He highlighted the apparent success of El Salvador, a country that has officially adopted bitcoin. According to the reports, the economy of El Salvador has been transformed through the adoption of President Nayib Bukele de bitcoin and other initiatives with vision of the future.
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