Summary
- Currently, there are multiple efforts ongoing in Europe towards Bitcoin adoption.
- However, the US is currently leading the global race with an upcoming law codifying Trump’s Executive Order.
Michael Saylor shared a post via X, suggesting that Europe will need Bitcoin. His message comes amidst intensifying global adoption, and ahead of Trump’s speech today at an important crypto conference in the US, making him the first sitting President to address such an event in the country.
EUR gonna need BTC
— Michael Saylor⚡️ (@saylor) March 20, 2025
Saylor’s prediction is a bold one, and if Europe starts looking to Bitcoin, this could mean a major shift in the global economy.
Current Bitcoin Adoption Efforts in Europe
More countries in Europe are currently making efforts towards Bitcoin adoption in the region.
In 2024, a French MEP and Vice-President of the ENS group addressed the need for European states to create Bitcoin reserves. Saylor also shared the video via his X account, quoting the MEP who said that it’s time to bet on freedom.
EUR gonna need BTC
— Michael Saylor⚡️ (@saylor) March 20, 2025
In the video, Knafo asked what the EU is doing to support Bitcoin as it continues to reach new ATHs, saying that the continent is spending people’s money, letting it go to waste, while accumulating tragically inflationary deficits.
She said that the EU insists on regulating taxing and holding back, but it’s time to protect the people from inflation and poor economic choices and say no to the totalitarian temptations of the ECB which wants to impose a fully controlled digital Euro.
According to her, states should invest in Bitcoin to build national strategic reserves and develop the mining industry.
Europe is already seeing Bitcoin mining as a viable solution for its energy crisis, an issue also mentioned by Forbes in 2024.
Germany and Finland have also been making efforts in terms of mining.
The Czech President recently signed a new law that exempts Bitcoin holders from tax after three years of holding, while the National Bank Governor of the country said that the Bitcoin technology must be studied and explored, not feared.
BlackRock also has plans to launch a Bitcoin ETP in Europe amidst crypto ETPs’ rising popularity in the region.
The MiCA regulation which takes effect this year aims to unify the framework for digital asset issuers across the EU, setting clearer regulations that will gain the trust of more Bitcoin and crypto investors.
Romania is also making efforts to adopt clearer crypto regulations by May, after the country tried to exempt taxes for crypto transactions, but the bill was challenged by former President, Klaus Iohannis.
When the US codifies Trump’s Executive Order on a Strategic Bitcoin Reserve into law, probably more states, including in Europe, will follow suit. We’ll see what the US President’s speech brings new today at the Blockworks DAS in NYC.
