MicroStrategy's Saylor: 'France Could Use More Bitcoin'
Alex Dovbnya MicroStrategy co-founder Michael Saylor has urged France to adopt Bitcoin Europe's leading crypto hubEndorsing Bitcoin reserves Cover image via U.Today MicroStrategy co-founder Michael Saylor has stated that France "could use some Bitcoin" in his recent social media post.This comes after Saylor recently had a meeting with French politician Sarah Knafo, who became a member of the European Parliament last year.Knafo has described Saylor as a "brilliant entrepreneur" in her X post, claiming that her discussion with the billionaire focused on the future of Bitcoin and energy.Europe's leading crypto hubFrance has emerged as one of Europe's leading crypto hubs, consistently ranking high in terms of adoption.France was also among the first countries in the world to actually regulate crypto, with the PACTE law singling out digital assets service providers as a separate group of service providers.Last year, France also became the first major EU economy to start accepting applications from cryptocurrency companies under the bloc's MiCA framework.Endorsing Bitcoin reservesIn December, Knafo endorsed the idea of creating Bitcoin reserves while addressing the European Parliament. During her address, the MP recalled that the U.S. was considering creating a strategic reserve with the leading cryptocurrency.Even though Knafo, who represents the French far-right, hardly represents mainstream European politics, the idea of nation-states investing in Bitcoin might not be fringe anymore.As reported by U.Today, Christian Lindner, Germany's former finance minister, recently opined that both Germany and the European Central Bank (ECB) should consider diversifying their reserves with Bitcoin.Earlier, MicroStrategy's Saylor argued that the U.S. government should ditch gold in favor of Bitcoin. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. About the author Alex Dovbnya Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected]. Related articles