A striking call from the European Parliament: Sarah Knafo, a member of the parliament, has advocated for the establishment of a strategic bitcoin reserve for the European Union. At the same time, she strongly opposed the development of the so-called “digital euro,” a central bank digital currency (CBDC) being considered by the European Central Bank (ECB).

Knafo emphasized that it is time to break away from what she called “totalitarian temptations” by the ECB. She is calling for a shift in direction: away from strict regulation and centralization, toward the decentralized power of bitcoin.

Bitcoin as an alternative to the digital euro

In a recent debate within the European Parliament, Knafo argued that Europe must embrace a new paradigm. She criticized the current focus on regulation and taxation, which she believes stifles innovation. “It is time to protect our citizens from inflation and the economic missteps of our governments,” Knafo said.

She warned of the potential risks of a digital euro, such as the loss of financial privacy and the threat of centralized control over transactions. “We do not want a world where a European bureaucrat can block our access to the banking system with a single click because of an opinion or comment they dislike,” she stated firmly.

Europe‘s lag in a changing world

While countries like El Salvador have fully embraced bitcoin and the United States is moving toward a crypto-friendly agenda, Europe, according to Knafo, remains focused on restrictions and regulation. She sees bitcoin as an opportunity to provide citizens with greater freedom and financial security, rather than reliance on centralized financial systems.

“It is time to invest in freedom,” she said, highlighting that bitcoin is not just a financial tool but also a symbol of sovereignty and independence.

What does the future hold for the digital euro?

The ECB has been exploring the possibilities and risks of a digital euro for more than four years. While no definitive decision has been made, a significant milestone is planned for 2025. Until then, the debate within Europe continues to intensify, with proponents and opponents standing firmly on opposing sides.

Knafo‘s call adds a new dimension to this discussion, presenting bitcoin as a clear alternative. Will Europe heed this call for decentralization and freedom? The coming years will tell.