French Member of the European Parliament (MEP) Sarah Knafo delivered a high-profile address, urging the European Union (EU) to adopt a “Strategic Bitcoin Reserve” as part of a broader effort to promote financial autonomy and combat inflationary pressures.
A French magistrate and member of the Cour des Comptes, Knafo’s background includes public service and political advising, most notably for right-wing Jewish presidential candidate Éric Zemmour. Knafo’s public role has steadily risen since her election to the European Parliament in 2024.
Why The EU Needs A Strategic Bitcoin Reserve
In her speech on the Parliament floor, Knafo drew upon global examples—citing El Salvador’s early adoption of Bitcoin and political figures such as former US President Donald Trump and Federal Reserve Chairman Jerome Powell—to underscore a rising wave of institutional acceptance. She asserted that the EU’s current financial strategies put member states at a disadvantage within what she characterized as a rapidly evolving monetary landscape.
“Already 3 years ago, on the other side of the Atlantic, the president of El Salvador decided to invest for his country in crypto-currencies,” said Knafo, referencing El Salvador’s 2021 legal tender law. “At the time, he was reviled by the political class and the IMF. Today, he’s up 100%.”
Emphasizing a perceived missed opportunity for EU nations, Knafo argued that El Salvador’s move has yielded significant capital gains—resources that, she said, the country has used to bolster both “the security and sovereignty of his country.” Turning to the United States, she acknowledged that “Donald Trump will establish a strategic Bitcoin reserve for the United States.”.
Knafo also invoked the public stance of Federal Reserve Chairman Jerome Powell, stating that “Jerome Powell […] is now talking about it as ‘digital gold.’” She positioned these developments as signs that other major economies are adapting to decentralized finance, while “the European Union […] continues to accumulate tragically inflationary defic
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Author: Jake Simmons
