Bitcoin advocate Michael Saylor has publicly stated that the European Union should consider buying bitcoin, especially after the euro experienced a recent case in value. According to reports, the euro (EUR) weakened against the US Dollar (USD) Since yesterday.
The decline followed a report from the Federal Reserve that many interpreted as leaning against lower interest rates in the future. The Euro’s value Fell from an altitude of 1.08 against USD on Thursday to its current level of 1.07.
“Europe will need bitcoin” – @Saylor
With rising debt, inflation and economic centralization – a digital euro (CBDC) set for launch 2025 – Bitcoin is not just an option, that is the alternative … The question is not about but when Europe will realize it. https://t.co/3akounbbwy pic.twitter.com/ag01hkr4ex
– BTC Prague (@BTCPAGUE) March 20, 2025
Euro under pressure after fed signals
The recent weakening of the euro occurred after the Fed decided to keep interest rates steady. These prices have remained between 4.25% and 4.50% since December. However, Federal Chairman Jerome Powell reportedly proposed the possibility of a 50-base point cut before the end of 2025.
In addition, the central bank has been Suppress From US President Donald Trump to lower interest rates and claims this is the right course of action.
Greenbacken has increased in relation to other currencies, especially the euro, as a result of rally in American shares and bonds that these dovish US feeling has forfeited.
Saylor’s bitcoin -tone height as a potential hedge
Saylor, executive chairman and co -founder of Micro Strategy (now strategy), said on social media that Bitcoin can give a cure in the midst of this foreign exchange. In a statement published this week, Saylor seemed to urge the European Union to continue quickly with any intentions to buy BTC.
EUR will need BTC
– Michael Saylor⚡ (@Saylor) March 20, 2025
He suggested that if the EU had held Bitcoin, it could have served as a protection against the latest reduction in the value of the euro. For context, Price on bitcoin Has risen by 2.6% against the US dollar over the past 24 hours and acted at $ 85,400, at the time of writing.
Saylor also pointed out how the US dollar has exceeded far Turkish lira (Trial) since 2021, and how this has resulted in a significant devaluation of the Turkish currency. He observed that Bitcoin has been among the top performing assets within the same time frame.
EU’s potential crypto venture gets traction
A member of the European Parliament, Sarah Knafo, has recently urged the EU To consider establishing a strategic reserve of bitcoin.
She emphasized the obvious success of El Salvador, a country that has officially adopted Bitcoin. According to reports, El Salvador’s economy has been transformed by President Nayib Bukele’s adoption of Bitcoin and other forward -thinking initiatives.
Image from Gemini Imagen, Chart from TradingView
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