Michael Saylor, a Bitcoin supporter, publicly mentioned that the European Union should consider buying Bitcoin. According to the report, EUR has been weakened since yesterday.
This reduction has been interpreted that many people are inclined to the low interest rates of the future following the report of the Federal Reserve Bank. The value of the euro fell from 1.08 to 1.07 on Thursday USD.
“Europe will need Bitcoin” – @saylor
Bitcoin is an alternative, not just an option, as the debt, inflation and financial centralization, which will be released in 2025, will increase. Alternative. Unless you ask a question, Europe will realize it. https://t.co/3akounbbwy pic.twitter.com/ag01hkr4ex
-BTC Prague (@btcprague) March 20, 2025
Euro due to pressure under the Fed signal
The recent weakening of the Euro occurred after the Fed decided to keep the interest rate steadily. This ratio has been maintained from 4.25% to 4.50% since December. However, the Federal Reserve Chairman Jerome Powell is said to have proposed the possibility of 50 basic branch cuts before the end of 2025.
The central bank is also under pressure to cut interest rates by US President Donald Trump, claiming that this is an appropriate behavior.
Green bags have increased in connection with other currencies, especially the euro.
Saylor’s Bitcoin Peach as a potential hedge
Saylor, chairman and co -founder of Microstrategy, said Bitcoin can provide relief in this currency movement in social media. In the statement released this week, Saylor seemed to urge the European Union to proceed quickly with the intention of buying BTC.
EUR requires BTC
-Michael Saylor Lord (@saylor) March 20, 2025
He suggested that if the EU had a bitcoin, it could play a protection of the recent reduction in Euro value. In the context, the price of Bitcoin has risen 2.6% for the US dollar over the last 24 hours, trading at $ 85,400 at the time of writing.
Saylor also pointed out how the US dollar has a much better performance than Turkish Lira since 2021, and this is a method of significant devaluation of Turkish currency. He observed that Bitcoin is one of the highest performance assets during the same period.
The potential encryption venture of the EU gets traction
Sarah KNAFO, a European parliamentary, recently urged the EU to consider Bitcoin’s strategic preliminary preparation.
She emphasized the clear success of El Salvador, a country that officially adopted Bitcoin. According to the report, El Salvador’s economy has been changed through President Nayib BUKELE’s adoption of Bitcoin and other future thoughts.
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