Michael Saylor in his post on X stated: "The Euro will need BTC" as Europe is feeling the pressure due to US cryptocurrency policy.
Michael Saylor in his post on X stated: "The Euro will need BTC" as Europe is feeling the pressure due to US #cryptocurrency policy.
Trump signed an executive order creating a cryptocurrency reserve owned by the U. S. government, which has alarmed Eurozone leaders.
European officials fear that U. S. dollar-backed stablecoins could undermine the euro's dominance in the global financial system.
Strategy's Michael Saylor wrote in X today: "The euro will need #BTC .
The post comes at a time when European leaders are already on edge. The U. S. is actively embracing #cryptocurrencies , and the Eurozone is trying to respond.
March 10, top European financial officials acknowledged their concerns about the future of the euro as U. S. President Donald Trump has made cryptocurrency a national priority. Earlier this month, Trump signed an executive order creating a national cryptocurrency reserve, a complete reversal of the previous administration's policy, and Europe is panicking over what comes next.
After the March 10 discussion, Pascal Donahue, chairman of the Council of Ministers, said the situation could affect Europe's economic autonomy.
"Policy developments in other jurisdictions could have important implications for us here in Europe, Donahue said at a press conference. He signaled that the monetary stability of the Eurozone could be jeopardized if cryptocurrencies become widespread in the United States.
For Europe, the issue is as much about power as it is about monetary policy. The European Central Bank (ECB) is trying to promote its digital euro project from 2020. The effort began after Facebook unveiled Libra, a #digital currency that raised concerns among regulators on both sides of the Atlantic. Libra was later renamed Diem and will cease to exist in 2022, but the concerns persisted.
(Discussion)...
What's his biggest concern? The U. S.
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