Bitcoin for the United States, CBDC for Europe …

While the United States includes bitcoins, Europe is ducking by still emphasizing the dystopia of the digital euro.

Bitcoin strategic reserve

Last week, the US President signed a decree that finally put pride in the place of Bitcoin.

Clear resolution to other digital active ingredients made it possible to calm the popular vengeful vengeful tweet Donald Trump, which indicates the creation of a “crypt reserve”, including ETH, XRP, SOL, ADA.

The decision makes the department between Bitcoin’s strategic reserve and detention of other digital assets obtained after confiscation in various criminal cases.

Note that the bitcoins put into the reserve cannot be sold, unlike other digital assets such as ETH, Sol, etc. “The Secretary of the Ministry of Finance may determine the strategies of responsible proceedings, including the potential sale of digital assets in the United States”We can read in the decree.

Need on the cake, the decree entitles the accumulation of bitcoins, provided that it does at the budget level. Minister of Finance declared his intention “Explore ways to abound in bitcoins,”.

Secretary Scott Bessnt did not hide his intention to use stablecoins to secure it “The dollar remains the dominant reserve currency”.

Let us recall that companies like Tether or Circle must have a dollar in reserve for each issued. For example, Tether invests 80 % of its 136 billion reserves at the United States Treasury. However, its profits are invested in bitcoins.

Buy reputation, sell messages

This is an old adage on the stock market, which is currently pushing bitcoins below $ 80,000. If the presidential decree actually creates a strategic reserve for bitcoins, purchases will come later.

12 members of the presidential working group must submit proposals by July 22, which will certainly serve as the basis for writing “Bitcoin’s acts”. Cynthia Lummis has been working on it for more than two years. The Senator wants to create a reserve of one million BTC by selling part of the Earth’s gold reserves.

Michael Saylor, invited to the White House, advised the President “Buy 25 % Bitcoins through daily shopping between 2025 and 2035”. Here is a document shared by Mr. Saylor on this occasion.

For the CEO of Strategy (formerly Microsthegy), such a reserve could “generate $ 100 billion, which would cause national debt”. He, too, has an opinion on the sale of gold.

Therefore, patience. This means that note that the dry (Securities and Stock Exchange Commission) has already given green light to banks that would like to invest in Bitcoins to their customers. The currency controller said the US regulated US banks can now maintain bitcoins without prior permission.

In short, the Republicans understood that bitcoin is a technological breakthrough that inevitably stored in the world. And during this time in Europe …

Bitcoin vs cbdc

Two rooms, two atmosphere. While the United States has left the CBDC project to accept bitcoins, Europe is doing the opposite way. Christine Lagarde wants a digital euro, which many believe it is to create a company without cash.

President of the European Central Bank swears that this is not a goal, but is in good faith? It is permissible to doubt when you know that it has been predicting the total leave of cash under 10 or 20 years.

Above all, it did not announce it in 2018 at a conference called “Wind of Change: Case of New Digital Currency” ::

Imagine that people who buy beer and frozen pizzas are generally higher than those who buy ecological and spring water broccoli. What can you do if you want beer and pizza but do not want your social credit to drop? Today you get out of cash. And tomorrow? Would you have a private payment system to the broccoli department? Could central banks come to rescue by offering a completely anonymous digital currency? Certainly not. It would be a blessing for criminals.

The former IMF president also assures us that digital euro will not be programmable. In other words, spending money in digital euros will not be conditional. But again, many central bankers are not of the same opinion.

Bo Li, Deputy CEO of the IMF and former Deputy Governor Banque Populaire de China, for example in 2022:

“CBDC would allow packaging of money paid in the form of social assistance. For example, we could program money so that it cannot be spent on something other than food. »»

This statement illustrates the challenges and potential of the Central Bank (CBDC) digital currency (CBDC).

You won’t be a stuffy turkey

Christine Lagarde may not intend to end cash or reduce the way we can spend money, but what about her successor? It would not be the first time the EU has accepted the Salami technique to confiscate our freedoms …

The lack of gas factory with dystopic potential seems to be wiser. Especially because this project will cost a taxpayer billions of euros, while the finance of the continent is increasingly bloodless.

It would be much smarter to promote the bitcoin industry in all European countries that deploy renewable energies. For example, undermining bitcoins would allow Germany:

• profitable its intermittent renewable energy;
• restart their nuclear power plants;
• Nearby coal -fired power plants;
• Go down the price of Megawatt Hour that seriously threatens the country’s industry.

We’ve already shown it in Texas. ERCOT CEO recently canceled the construction of a dozen gas races due to 3 GW, which bitcoin minors can return to the network on request and, if necessary.

Don’t miss our article on this topic: Bitcoin, France spoils everything.

Speaking of Texas, his parliament has just allowed the creation of a bitcoin reserve. Other countries are already in advance. This is the case of Bhutan, Salvador or the United Arab Emirates.

Many voices also grow in Europe to avoid stuffing turkey. Especially in the Czech Republic, where the Governor of Central Bank would like to add bitcoins to the country’s reserves. Lines also move in Poland and even Russia.

Don’t miss our article about this: Putin: “Who can stop bitcoins?” A person “

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.