Bitcoin advocate Michael Saylor has publicly said the European Union should consider purchasing Bitcoin, particularly after the euro has experienced a recent decline in value. Reports show that since yesterday the euro (EUR) has been weakening against the US dollar (USD).
The decline follows reports from the Federal Reserve, which interpreted many as leaning towards lower interest rates in the future. The value of the euro fell from a peak of 1.08 against USD on Thursday to current level 1.07.
“Europe needs Bitcoin” @saylor
Increase in debt, inflation and financial centralization – Digital Euro (CBDC) to be launched in 2025 – Bitcoin is not just an option, it’s an alternative… The problem isn’t when Europe realizes it, it’s not when Europe realizes. https://t.co/3akounbbwy pic.twitter.com/ag01hkr4ex
– BTC Prague (@btcprague) March 20, 2025
Euro under pressure after FRB signal
The recent weakening of the euro came after the Fed decided to stabilize interest rates. These prices have remained between 4.25% and 4.50% since December. However, Federal Reserve Chairman Jerome Powell reportedly suggested a possible 50 Veges Point Rate reduction by the end of 2025.
Furthermore, the central bank is under pressure from US President Donald Trump to cut interest rates, claiming this is an appropriate course of action.
Greenback has been growing in relation to other currencies, particularly the euro, as a result of US stock and bond gatherings.
Saylor’s Bitcoin Pitch as a Potential Hedge
Saylor, executive chairman and co-founder of MicroStrategy (Current Strategy), said on social media that Bitcoin could offer bailouts amid the currency movement. In a statement released this week, Saylor appeared to urge the European Union to move forward quickly with its intention to buy BTC.
Euros will need BTC
– Michael Saylor (@saylor) March 20, 2025
He implied that if the EU had held Bitcoin, it could have served as a protection against the recent decline in the value of the euro. In the context, Bitcoin prices have risen 2.6% against the US dollar in the last 24 hours, trading at $85,400 at the time of writing.
Saylor also pointed out how the US dollar has far surpassed Turkish Lira (Try) since 2021 and how this has led to a major devaluation of Turkish currency. He observed that Bitcoin is one of the top-performing assets in the same time frame.
EU potential crypto ventures gain traction
Sarah Nabo, a member of the European Parliament, recently urged the EU to consider establishing strategic preparations for Bitcoin.
She highlighted the obvious success of El Salvador, the country that officially adopted Bitcoin. Reports show that Salvador’s economy has changed through President Naive Bukere’s adoption of Bitcoin and other advanced initiatives.
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