Do you think the Bitcoin Reserve would be accepted by the EU?

[Gposas]

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?

[Publictalk792]

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.

[Zed0X]

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?

[yhiaali3]

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.

[Gposas]

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.

[electronicash]

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.

[Mia Chloe]

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.

[electronicash]

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.

[Gposas]

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?

[Gurujebs]

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.

[target]

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.

[dave_strider]

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.

[rdluffy]

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

[Gurujebs]

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.

[Faisal2202]

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.