EUR Will Need BTC
In a blunt statement made on X, Strategy’s Michael Saylor highlighted the emerging need for Bitcoin (BTC) integration into the European economy: “EUR will need BTC.” This statement comes at a time of heightened tension among European leaders, sparked by the United States’ recent moves in favor of cryptocurrencies.
On March 10, European financial authorities expressed concerns about the future of the euro. These concerns arose after US President Donald Trump prioritized cryptocurrencies on the national agenda, marking a drastic change from previous policies by signing an executive order to create a government-run cryptocurrency reserve. This decision has caused quite an uproar in Europe over the future implications for the continent.
EUR Gonna Need BTC
– Michael Saylor⚡️ (@saylor)
March 20, 2025
During a press conference, Paschal Donohoe, the chairman of the Council of Ministers, acknowledged that foreign policies could significantly affect Europe, citing the potential vulnerability of European monetary stability in the face of the growing acceptance of cryptocurrencies in the US. “Policy developments in other jurisdictions could have important consequences for us here in Europe,” Donohoe said.
The issue is not just about monetary policy; it is also about a power struggle. Since 2020, the European Central Bank (ECB) has been promoting the development of a digital euro, an initiative that gained momentum after the emergence of Facebook’s Libra project, which was later renamed Diem and discontinued in 2022.