Bitcoin Proponent Michael Saylor Has Publicly Stated That the European Union Should Consider Buying Bitcoin

Bitcoin proponent Michael Saylor has publicly stated that the European Union should consider buying Bitcoin, especially after the Euro experienced a recent drop in value.

Bitcoin (BTC) proponent Michael Saylor has advised the European Union to buy Bitcoin, especially after the Euro saw a recent decline in value.

According to recent reports, the Euro (EUR) has been weakening against the United States Dollar (USD) since yesterday.

The decrease followed a report from the Federal Reserve, which many interpreted as signaling lower interest rates in the future. The Euro’s value dropped from a high of $1.08 on Thursday to its current level of $1.07.

“Europe gonna need Bitcoin” – @saylor

With rising debt, inflation and financial centralization — a digital euro (CBDC) set for launch in 2025 — Bitcoin is not just an option, it’s the alternative… The question is not if but when Europe will realize it.

— BTC Prague (@BTCPrague) March 20, 2025

Euro Under Pressure Following Fed Signals

The recent weakening of the Euro came after the Fed decided to keep interest rates steady. These rates have remained between 4.25% and 4.50% since December.

However, Federal Reserve Chair Jerome Powell reportedly suggested the possibility of a 50-basis-point rate cut before the end of 2025.

Moreover, the Central Bank has been subject to pressure from U.S. President Donald Trump to cut interest rates, stating that it’s the proper course of action.

The greenback has increased in relation to other currencies, especially the Euro, as these bullish U.S. stock and bond futures were fueled by these dovish U.S. trades.

Saylor’s Bitcoin Pitch As A Potential Hedge

Saylor, the executive chairman and co-founder of MicroStrategy (NASDAQ:MICRO) (now Strategy), suggested Bitcoin as a remedy amid this currency movement. In a statement shared this week, Saylor appeared to be prodding the European Union to be swift with any plans to purchase BTC.

EUR gonna need BTC— Michael Saylor⚡️ (@saylor) March 20, 2025

He indicated that if the EU had been holding Bitcoin, it could have served as a hedge against the recent decrease in the Euro’s value.

For perspective, Bitcoin’s price has risen by 2.6% against the U.S. dollar over the past 24 hours, trading at $85,400, at the time of writing.

Saylor further noted how the U.S. dollar has significantly outperformed the Turkish Lira (TRY) since 2021, leading to a substantial devaluation of the Turkish currency. He observed that Bitcoin has been among the top-performing assets within the same timeframe.

EU’s Potential Crypto Venture Gains Traction

An interesting tidbit from the world of crypto. A member of the European Parliament, Sarah Knafo, has urged the EU to consider establishing a strategic reserve of Bitcoin.

She highlighted the apparent success of El Salvador, which officially adopted Bitcoin earlier this year.

According to reports, El Salvador’s economy has undergone a transformation through President Nayib Bukele’s leadership in adopting Bitcoin and other forward-thinking initiatives.