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In the latest Bitcoin news, a European MP has sparked discussions with her recent comments on the flagship crypto and its potential. Notably, the MP said that Europe should follow the US and make Bitcoin a strategic reserve for the nation. She also criticized the EU’s digital euro, while backing investment into BTC. Meanwhile, this comes amid a global shift towards Bitcoin, with a flurry of countries and institutions increasing their focus on the digital asset.
Bitcoin News: Europe Calls For Bitcoin Strategic Reserve
The global race for crypto supremacy is evidenced by the recent developments among the nations. Notably, the competition appears to have started after Donald Trump’s election win and his active support for the digital assets space, especially Bitcoin. In addition, he has also recently reiterated his stance to make BTC the US Strategic Reserve.
These developments have fueled a rally in BTC price, sending it to its ATH recently. Amid this, a recent Bitcoin Archive report showed that a European MP called for Bitcoin Strategic Reserve for Europe in a recent parliament speech.
The MP has lauded El Salvador’s move to invest heavily in BTC over the past few years. She noted that while the Salvador President was criticized initially for such a move, the current holdings showed an added value of over 100%. While backing El Salvador’s BTC investment strategy, she has criticized the European Central Bank’s plan to impose a digital Euro.
She said that rather than imposing the Digital Euro, Europe should focus on financial freedom by investing in Bitcoin. In addition, she also said that the EU should consider making Bitcoin a national strategic reserve like the US.
BTC Gains Attention Globally
Bitcoin has been on the investors’ radar lately, as evidenced by its robust rally recently. On the other hand, the robust inflow into US Spot Bitcoin ETF also indicates the growing institutional interest in the asset. Besides, Michael Saylor’s MicroStrategy has continued its BTC buying despite the price creating new records every day.
Meanwhile, a flurry of other countries like Japan, Bhutan, and others, are also shifting their focus towards crypto adoption. Having said that, it appears that crypto’s appeal is witnessing a massive surge among global leaders. Considering all these aspects, the market experts also remained bullish on the future trajectory of BTC. For context, in a recent X post, veteran trader Peter Brandt said that BTC price is poised to hit $125k soon, sparking market interest.
Bitcoin price today surged nearly 3% to $106,741, and its trading volume soared 19% to $79 billion. The crypto has touched its ATH of $107,780.58 in the last 24 hours, especially as optimism soared over a potential US Bitcoin Strategic Reserve under Donald Trump’s presidency. Amid this, the recent call from Europe has further fueled discussions in the market, with experts anticipating the rally to continue ahead.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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