Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Gposas on March 13, 2025, 03:14:12 PM
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Reviewing the hot news about the establishment of a Bitcoin Strategic Reserve, the US President Donald Trump a supporter of crypto with the establishment of a Strategic Reserve for Bitcoin has integrated cryptocurrency into his nation's economy.
It is obvious that most countries stoop, watching the possible benefits of this move to the nations economy while others are already getting motivated on joining the trend.
In relation with the European Union regarding this establishment, I saw a news post expressing that this move of a Bitcoin Strategic Reserve and the US support for dollar-backed stable coin could harm the EU financial stability. The phobia of the European Currency declining is now a major factor subjecting them.
Do you feel they would probably overcome this challenge and embrace the current trend?
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US decision to establish Bitcoin Strategic Reserve is significant step towards integrating cryptocurrency into its economy and sparking global interest and potential adoption. However European Union is concerned that this move could destabilize its financial system and weaken European Currency.
EU has its own regulatory framework MiCAR which oversees stablecoins and cryptocurrencies and while some policymakers are cautious about US crypto friendly stance others see opportunities for cooperation. EU will likely adapt to evolving crypto landscape with some countries like Germany exploring blockchain technology and digital assets and may need to reassess its regulatory approach to strike balance between innovation and financial stability.
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Lagarde (President of the European Central Bank) was asked to comment on Trump’s support for a strategic Bitcoin reserve in the U.S. and also her Czech counterpart’s attempt to conduct an assessment of the inclusion of BTC into his country’s foreign currency reserves. “I am confident that bitcoin will not enter the reserves of any of the central banks of the General Council,” the ECB chief insisted after having what she called a “good conversation” with her colleague in Prague.
Unless she's replaced or her term ends, it looks like there will be no BTC reserves for EU. Maybe now, some council members still supports her view but who knows maybe they will change their minds in the years to come. Regulations do change depending on who sits at the table right?
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Maybe not now, but eventually, they will certainly follow the United States' lead. European countries often follow the United States in everything, so I think it's only a matter of time.
Some countries may be apprehensive or want to wait for the American experience to see the advantages and disadvantages, but I'm confident they will eventually overcome their fear and perhaps rush to build a strategic reserve of Bitcoin before it's too late.
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Lagarde (President of the European Central Bank) was asked to comment on Trump’s support for a strategic Bitcoin reserve in the U.S. and also her Czech counterpart’s attempt to conduct an assessment of the inclusion of BTC into his country’s foreign currency reserves. “I am confident that bitcoin will not enter the reserves of any of the central banks of the General Council,” the ECB chief insisted after having what she called a “good conversation” with her colleague in Prague.
Unless she's replaced or her term ends, it looks like there will be no BTC reserves for EU. Maybe now, some council members still supports her view but who knows maybe they will change their minds in the years to come. Regulations do change depending on who sits at the table right?
You're right mate, her perspective on the volatility of this asset, and lack of regulatory oversight due to its Decentralized nature is now the determinant of the EU not establishing a Bitcoin Strategic Reserve just as a result of her office as the ECB President.
As you rightly said, maybe the next ECB President could probably look at the bigger picture and see a reason of accepting this idea.
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Lagarde (President of the European Central Bank) was asked to comment on Trump’s support for a strategic Bitcoin reserve in the U.S. and also her Czech counterpart’s attempt to conduct an assessment of the inclusion of BTC into his country’s foreign currency reserves. “I am confident that bitcoin will not enter the reserves of any of the central banks of the General Council,” the ECB chief insisted after having what she called a “good conversation” with her colleague in Prague.
Unless she's replaced or her term ends, it looks like there will be no BTC reserves for EU. Maybe now, some council members still supports her view but who knows maybe they will change their minds in the years to come. Regulations do change depending on who sits at the table right?
was this Lagarde's decision herself or someone else put this words in her mouth?
Its crazy that some countries in EU are not banning BTC at all so there are lots of BTC users in the region. if they are not to follow what US did which they have Bitcoin strategic reserves, i'm guessing they are taking the path of China having Gold reserves? although i'm not sure China is doing this but it is known they are buying gold everywhere.
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Actually, the US setting up a Bitcoin Strategic Reserve isn't much of a big news anymore but it's definitely a nice step. Other countries are definitely taking notice. The EU's a bit worried it'll hurt their financial stability, but I think they might just roll with it.
They're already exploring their own Bitcoin reserve, which could be a quite positive on their economy. It's a risk, but it could pay off big time especially if they buy strategically.
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Actually, the US setting up a Bitcoin Strategic Reserve isn't much of a big news anymore but it's definitely a nice step. Other countries are definitely taking notice. The EU's a bit worried it'll hurt their financial stability, but I think they might just roll with it.
They're already exploring their own Bitcoin reserve, which could be a quite positive on their economy. It's a risk, but it could pay off big time especially if they buy strategically.
the only reason why this wasn't a big news was because they said they are not buying but will only keep the coins they seized from the silkroad. no money to be poured for the market that's why. but what will force US to buy for their strategic reserves?
i think if all other countries are going to dive into crypto and decides to have their own Bitcoin strategic reserves, these government will be in panic buying.
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Some countries may be apprehensive or want to wait for the American experience to see the advantages and disadvantages, but I'm confident they will eventually overcome their fear and perhaps rush to build a strategic reserve of Bitcoin before it's too late.
That's a point, their sceptical motive would keep them waiting to see if the advantage is huge enough to buy their interest both in terms of their national economy and governmental policies. It is clear most nations can only visualize the negative consequences now at the beginning, which is most likely causing a draw back.
As for the lateness, do you feel it could be too late for any nation to establish its own Bitcoin Strategic Reserve, aside the fact that BTC price could surge higher and the asset grow much more expensive?
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It is obvious that most countries stoop, watching the possible benefits of this move to the nations economy while others are already getting motivated on joining the trend.
In relation with the European Union regarding this establishment, I saw a news post expressing that this move of a Bitcoin Strategic Reserve and the US support for dollar-backed stable coin could harm the EU financial stability. The phobia of the European Currency declining is now a major factor subjecting them.
Do you feel they would probably overcome this challenge and embrace the current trend?
Bitcoin reserve is becoming a political play aspect, it's no longer the hot cake again as people now see it as political movement, even this one is just another one that will soon be talk and will be forgotten hopefully it doesn't create another FUD for Bitcoin dump because the last one US did wasn't too serious like everyone expected it to happen.
If US doesn't makes Bitcoin reserve and makes it go as many people want, other countries or organization effort to make or give power to crypto because US country is not keeping to there promises and you don't want to bring negativity to Bitcoin.
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Some countries may be apprehensive or want to wait for the American experience to see the advantages and disadvantages, but I'm confident they will eventually overcome their fear and perhaps rush to build a strategic reserve of Bitcoin before it's too late.
That's a point, their sceptical motive would keep them waiting to see if the advantage is huge enough to buy their interest both in terms of their national economy and governmental policies. It is clear most nations can only visualize the negative consequences now at the beginning, which is most likely causing a draw back.
As for the lateness, do you feel it could be too late for any nation to establish its own Bitcoin Strategic Reserve, aside the fact that BTC price could surge higher and the asset grow much more expensive?
Any country can find funds in order for them to have Bitcoin reserves. El Salvador is a small country but their president seem to be unstoppable in buying coins for their country.
If Bitcoin Reserves makes a country safe from the financial reset, they should be buying BTC from now on. I even think ever country or government by few yeas will have their government back crypto exchange.
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Unless she's replaced or her term ends, it looks like there will be no BTC reserves for EU. Maybe now, some council members still supports her view but who knows maybe they will change their minds in the years to come. Regulations do change depending on who sits at the table right?
Skepticism will be their end.
We do need to understand that, in any case, adoption will go forward, with or without bigger players at the tables.
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I believe that it is VERY difficult for any EU country to accept a BTC reserve or other cryptos
The economic protectionism there is big, in addition to having to go through the government of the country itself, it still has to go through the EU, and we all know how difficult it is for something innovative to be accepted there, there's IMF too
I think it's much easier for Asian countries like Japan, China and South Korea to make a reserve than European countries, or even some African countries
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Skepticism will be their end.
We do need to understand that, in any case, adoption will go forward, with or without bigger players at the tables.
We will go forward but that depend on what the big players does in this steps we are trying to achieve. Remember that Micheal Saylor has a liquidation at $67k Bitcoin, h less they buy more Bitcoin to reduce their liquidation down. If they do this, they can have more Bitcoin and that's threat to decentralization.
America that everyone is hoping to see the reserve they promised has suddenly go silent. In their mind, the have delivered what they promised and that's it, it's not like they will be buying large chunck on Bitcoin as many people expected.
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In relation with the European Union regarding this establishment, I saw a news post expressing that this move of a Bitcoin Strategic Reserve and the US support for dollar-backed stable coin could harm the EU financial stability. The phobia of the European Currency declining is now a major factor subjecting them.
Do you feel they would probably overcome this challenge and embrace the current trend?
They have to embrace the current trend otherwise, they will be left behind because there is not only European region in the world there are other regions also exist in the world and they are making efforts therefore to make the same kind of progress as a developed countries, they have to do the same or better.
Therefore this act of reserves will be adopted by the EU countries too many will try to do it even before Trump, overall this is a win-win for the crytpo and for us (hehe) as investors.
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The European Union will never adopt a Bitcoin reserve because they have crypto-phobia.
They regulate too much and it hurts new innovation and disrupters, while helping the incumbents and the big guys.
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The European Union will never adopt a Bitcoin reserve because they have crypto-phobia.
They regulate too much and it hurts new innovation and disrupters, while helping the incumbents and the big guys.
Surely, the European Union never have ideas for accepting bitcoin as legal transaction payment because the have crypto phopia, learned from one most influence country of The European Union is Germany have sold all seized bitcoin assets and looks most of them not interested for adopting bitcoin.
But have funny side from the Europe Union have any of their member seized bitcoin assets from any project indicate scam but all of bitcoin seized sold by them not refund yet for victim person.
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I do not live in the US or the EU, so I don't really know what is going on there. But I have a feeling that if the US implements the strategic reserve that they have planned already, sooner or later, the EU countries and other countries will have to follow suit as well. Bitcoin users are from all over the world.
People from all over the world will invest, and the US will only benefit from their investments. If the EU countries realize that, I think they will follow the same path.
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Reviewing the hot news about the establishment of a Bitcoin Strategic Reserve, the US President Donald Trump a supporter of crypto with the establishment of a Strategic Reserve for Bitcoin has integrated cryptocurrency into his nation's economy.
It is obvious that most countries stoop, watching the possible benefits of this move to the nations economy while others are already getting motivated on joining the trend.
In relation with the European Union regarding this establishment, I saw a news post expressing that this move of a Bitcoin Strategic Reserve and the US support for dollar-backed stable coin could harm the EU financial stability. The phobia of the European Currency declining is now a major factor subjecting them.
Do you feel they would probably overcome this challenge and embrace the current trend?
What the U.S. is doing is a bold move. If the EU is affected, I think they will take action. Plus, having a crypto reserve could also help solve the issue, so there might be a solution to the incoming problem, buddy.
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Some countries may be apprehensive or want to wait for the American experience to see the advantages and disadvantages, but I'm confident they will eventually overcome their fear and perhaps rush to build a strategic reserve of Bitcoin before it's too late.
Yeah I am thinking the same thing as well. America has guts on making Bitcoin as strategic reserve but some other countries don't have that and they really are waiting to see what will be the result regarding America's move and probably if things go badly or great it's in the hands of the US's what other countries decision will be and hopefully it turns out to be successful and effective in the long run.
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- It's not impossible to happen because the US is the most influential country in this generation. We just don't know if it will happen during Trump's term, it's possible that they will do it before Trump's term ends.
It's also possible that it will happen after Trump's term as president of the US, because they may first see the effect of this on the US before they try what the US has done. What do you think?
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Some countries may be apprehensive or want to wait for the American experience to see the advantages and disadvantages, but I'm confident they will eventually overcome their fear and perhaps rush to build a strategic reserve of Bitcoin before it's too late.
Yeah I am thinking the same thing as well. America has guts on making Bitcoin as strategic reserve but some other countries don't have that and they really are waiting to see what will be the result regarding America's move and probably if things go badly or great it's in the hands of the US's what other countries decision will be and hopefully it turns out to be successful and effective in the long run.
If the US decision is successful in choosing bitcoin as a strategic reserve fund, of course other countries will follow suit.
because currently it seems like other countries are waiting, whether this US step will succeed or not.
but as crypto lovers we should remain optimistic, because at the beginning of its launch bitcoin also did not get support from the government, but it still survives until now
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- It's not impossible to happen because the US is the most influential country in this generation. We just don't know if it will happen during Trump's term, it's possible that they will do it before Trump's term ends.
It's also possible that it will happen after Trump's term as president of the US, because they may first see the effect of this on the US before they try what the US has done. What do you think?
They are influencial and had promised reserve but what do we really get now after the promise they made? It has not been significant only the post election was effective to the price. Unless they really but this coin and let the crypto community know they are buying more coins, that's the only way we can be sure they are serious about the reserve.
There wouldn't be any comfirmation of reserve from US if other countries are not seeing what US is actually doing and I hope they can throw away that talk of using altcoins as reserve, it will only damage the purpose of reserve because we know exactly what altcoins does.
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Surely, the European Union never have ideas for accepting bitcoin as legal transaction payment because the have crypto phopia, learned from one most influence country of The European Union is Germany have sold all seized bitcoin assets and looks most of them not interested for adopting bitcoin.
But have funny side from the Europe Union have any of their member seized bitcoin assets from any project indicate scam but all of bitcoin seized sold by them not refund yet for victim person.
Exactly. And what are they going to do with all that seized crypto anyway? Probably give it to Ukraine without a plan for it, I guess.
These past few years the EU has gone unhinged when it comes to crypto, and they are so mad that they can't stop it by themselves.
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- It's not impossible to happen because the US is the most influential country in this generation. We just don't know if it will happen during Trump's term, it's possible that they will do it before Trump's term ends.
It's also possible that it will happen after Trump's term as president of the US, because they may first see the effect of this on the US before they try what the US has done. What do you think?
They are influencial and had promised reserve but what do we really get now after the promise they made? It has not been significant only the post election was effective to the price. Unless they really but this coin and let the crypto community know they are buying more coins, that's the only way we can be sure they are serious about the reserve.
There wouldn't be any comfirmation of reserve from US if other countries are not seeing what US is actually doing and I hope they can throw away that talk of using altcoins as reserve, it will only damage the purpose of reserve because we know exactly what altcoins does.
- I think they are serious because Trump's executive order as president of the US has already done this, but with what is happening now, it seems like they are not prioritizing it yet, as if there is a right time for them to focus on it or it is already scheduled for them.
Maybe we, the community here in the crypto space industry, should just wait and trust what Trump says about the promises he has made to our bitcoin
or crypto enthusiasts in this field.
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Do you feel they would probably overcome this challenge and embrace the current trend?
I don't think that they are going to embrace it currently. If the US is adopting bitcoin reserve and the matters about it positively. It is unlikely that they are going to adopt it on how US adopted it. There is also some conflict between the two nations. And that's why economically, they're not going to be adept with how these trends are going with different sides of the world. Maybe not today but maybe soon.
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Do you feel they would probably overcome this challenge and embrace the current trend?
I don't think that they are going to embrace it currently. If the US is adopting bitcoin reserve and the matters about it positively. It is unlikely that they are going to adopt it on how US adopted it. There is also some conflict between the two nations. And that's why economically, they're not going to be adept with how these trends are going with different sides of the world. Maybe not today but maybe soon.
Yep. Two completely different beasts of their own league.
There are not such wild cards such as Trump in the EU currently, as far as I see it.
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The European Union will never adopt a Bitcoin reserve because they have crypto-phobia. They regulate too much and it hurts new innovation and disrupters, while helping the incumbents and the big guys.
In between the United States and EU, there is no question that right now EU is less friendly to the whole idea of cryptocurrency and surely there is a less chance that a Bitcoin Reserve concept will find conceivable and feasible support from the people in power. Seems to me that the core principle of Bitcoin and cryptocurrency is going against the very mindset of many elite and ruling class in Europe. Though let's not close this thing over as we don't know the future who knows someone like Trump will come into power and make the changes necessary for cryptocurrency to further grow and be accepted by the government and the people.
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In between the United States and EU, there is no question that right now EU is less friendly to the whole idea of cryptocurrency and surely there is a less chance that a Bitcoin Reserve concept will find conceivable and feasible support from the people in power. Seems to me that the core principle of Bitcoin and cryptocurrency is going against the very mindset of many elite and ruling class in Europe. Though let's not close this thing over as we don't know the future who knows someone like Trump will come into power and make the changes necessary for cryptocurrency to further grow and be accepted by the government and the people.
Maybe some countries in EU will go for CBDCs eventually or be swayed to BTC at least in some regions - we never know, but I do hope there will be competition, because in it, progress is born.
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Do you feel they would probably overcome this challenge and embrace the current trend?
I don't think that they are going to embrace it currently. If the US is adopting bitcoin reserve and the matters about it positively. It is unlikely that they are going to adopt it on how US adopted it. There is also some conflict between the two nations. And that's why economically, they're not going to be adept with how these trends are going with different sides of the world. Maybe not today but maybe soon.
Every country has its own approach to setting up the policy in the financial sector especially for something like Bitcoins, especially when the topic under discussion is technology that is still in its infancy as far as the perception of most parties is concerned. When there is conflict in two parties, major decisions are often slowed down despite the fact that the benefits of such decisions may be evident. The fact that many do not availing themselves of an innovation is not because they do not afford the values it has to offer but rather the reference framework of International relations is still protruding. γν Such if one country dominates the global narrative while others feel the need to reposition themselves away from the oppressor, then adoption of something like it can be postponed for quite a while. They are not backward, they can, but they prefer to preserve the orientation of their own policy.
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The European Union will never adopt a Bitcoin reserve because they have crypto-phobia. They regulate too much and it hurts new innovation and disrupters, while helping the incumbents and the big guys.
In between the United States and EU, there is no question that right now EU is less friendly to the whole idea of cryptocurrency and surely there is a less chance that a Bitcoin Reserve concept will find conceivable and feasible support from the people in power. Seems to me that the core principle of Bitcoin and cryptocurrency is going against the very mindset of many elite and ruling class in Europe. Though let's not close this thing over as we don't know the future who knows someone like Trump will come into power and make the changes necessary for cryptocurrency to further grow and be accepted by the government and the people.
There are always differences in the thought of developed countries, as we see today Trump is very supportive of Bitcoin. But if the EU has not been attached to Bitcoin and Crypto, maybe they have their own considerations. We as Crypto lover can only practice and use if there is a positive market trend that makes us able to make profits, but I have the majority of the country's confidence in supporting Bitcoin in the future.
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In 2013, the US government introduced some policies and regulations that limited the use of Bitcoin as it was then labelled as "tool for criminals". Fast-forward to 12 years later, they same government have not just made new policies that encourages Bitcoin but have also invested in it through the Bitcoin Reserve. If the most powerful government in the world can adopt Bitcoin after initially kicking against it, you should draw your conclusions from there to know that Bitcoin in the future will be too global for EU not to adopt it. Personally, I feel it's just a matter of time for EU and other powerful governmental bodies to adopt Bitcoin.
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In 2013, the US government introduced some policies and regulations that limited the use of Bitcoin as it was then labelled as "tool for criminals". Fast-forward to 12 years later, they same government have not just made new policies that encourages Bitcoin but have also invested in it through the Bitcoin Reserve. If the most powerful government in the world can adopt Bitcoin after initially kicking against it, you should draw your conclusions from there to know that Bitcoin in the future will be too global for EU not to adopt it. Personally, I feel it's just a matter of time for EU and other powerful governmental bodies to adopt Bitcoin.
I think in the future, countries that used to ban bitcoin will accept and adopt bitcoin. As you said, the US used to be against bitcoin and now the US government has made bitcoin a strategic reserve fund. And I think other countries will follow what the US government is doing soon.
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EU is not going to take it hard on bitcoin from the way i see it, if we can have China and US consider the use of bitcoin for reserve, then there is nothing impossible with EU, we should all try to make sure that we continue with the support given to bitcoin towards increasing adoption till it becomes an irresistible digital currency at every nooks and crannies of the world, very soon now, we are going to have an harmonized use of bitcoin globally.
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It is obvious that most countries stoop, watching the possible benefits of this move to the nations economy while others are already getting motivated on joining the trend.
In relation with the European Union regarding this establishment, I saw a news post expressing that this move of a Bitcoin Strategic Reserve and the US support for dollar-backed stable coin could harm the EU financial stability. The phobia of the European Currency declining is now a major factor subjecting them.
Do you feel they would probably overcome this challenge and embrace the current trend?
This may just be coming to them as something they can’t handle but I feel with time, and the potentials that bitcoin reserve will have and dominate in the world on countries that adopt it, the European Union will look for a way to integrate it into the system and see themselves embracing it and also getting to explore from the benefits of having one.
This may look impromptu to them as they’re yet to find a way to make the financial stability of the EU as a top priority in anything they do or wish to embrace. This is going to be a long time process and probably we see more countries emulating and embracing it as the widespread adoption continues to the effect after Trump stance on Bitcoin was made public.
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This may just be coming to them as something they can’t handle but I feel with time, and the potentials that bitcoin reserve will have and dominate in the world on countries that adopt it, the European Union will look for a way to integrate it into the system and see themselves embracing it and also getting to explore from the benefits of having one.
This may look impromptu to them as they’re yet to find a way to make the financial stability of the EU as a top priority in anything they do or wish to embrace. This is going to be a long time process and probably we see more countries emulating and embracing it as the widespread adoption continues to the effect after Trump stance on Bitcoin was made public.
As much as people who suggest the same believe the EU is lagging since it hasn’t come out to fully support Bitcoin, I do not think this would do well. It is not just like the Youth in their endeavour to emulate what is happening around the world. And yet that is not entirely so, they are not completely shutting down. So, you can notice that many of the financial institutions in Europe are beginning to start small pilot projects to probe the environment cautiously without having to commit themselves fully. Perhaps they are still waiting for the right moment to come in, and not because of fear, but due to anticipation to the readiness signal of the other members. It happens that the calm signal before the storm cools all the sails that not all can observe.
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No, it's not currently possible unless it's led by a president with the political will to pursue it, unlike in the US, where a president like Trump could make such decisions more directly. The EU is a union of multiple countries, so adopting a Bitcoin reserve proposal would require at least a majority vote, followed by formal discussions in a session. While it might be possible in the future, it's not feasible at the moment
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The European Union will never adopt a Bitcoin reserve because they have crypto-phobia. They regulate too much and it hurts new innovation and disrupters, while helping the incumbents and the big guys.
In between the United States and EU, there is no question that right now EU is less friendly to the whole idea of cryptocurrency and surely there is a less chance that a Bitcoin Reserve concept will find conceivable and feasible support from the people in power. Seems to me that the core principle of Bitcoin and cryptocurrency is going against the very mindset of many elite and ruling class in Europe. Though let's not close this thing over as we don't know the future who knows someone like Trump will come into power and make the changes necessary for cryptocurrency to further grow and be accepted by the government and the people.
There are always differences in the thought of developed countries, as we see today Trump is very supportive of Bitcoin. But if the EU has not been attached to Bitcoin and Crypto, maybe they have their own considerations. We as Crypto lover can only practice and use if there is a positive market trend that makes us able to make profits, but I have the majority of the country's confidence in supporting Bitcoin in the future.
I have no idea if the EU will do the same thing as Trump did for his country, though we know that Trump has been supportive of Bitcoin, and I don't think it's something that the EU government has planned or something that Trump has done yet.
But to my knowledge, the EU is also open to digital currencies like bitcoin, but I've never seen the EU government show such interest in reserving Bitcoin in their country.