France Emerges as Europe's Leading Crypto Hub, Politician Endorses Bitcoin Reserves

MicroStrategy co-founder Michael Saylor has stated that France "could use some Bitcoin" in his recent social media post.

MicroStrategy co-founder Michael Saylor has suggested that France could benefit from utilizing Bitcoin. This suggestion follows a recent meeting between Saylor and French politician Sarah Knafo, who joined the European Parliament in 2022.

According to Knafo's social media post, Saylor is viewed as a "brilliant entrepreneur" by her. During their conversation, they primarily discussed the future of Bitcoin and energy.

France is recognized as a leading crypto hub in Europe, ranking highly in adoption rates. Notably, France was among the early adopters in regulating crypto with the PACTE law. This law identifies digital assets service providers as a distinct category.

Furthermore, France became the first major EU economy to accept applications from cryptocurrency companies under MiCA.

In December, Knafo expressed support for the creation of Bitcoin reserves during her address to the European Parliament. She highlighted the U.S.検討 to establish a strategic reserve with the leading cryptocurrency.

Despite Knafo's affiliation with the French far-right, which aligns her with the fringes of mainstream European politics, the concept of nation-states investing in Bitcoin is gaining traction.

As reported by U.Today, Christian Lindner, Germany's former finance minister, recently stated that both Germany and the European Central Bank (ECB) should consider diversifying their reserves with Bitcoin.

Earlier, MicroStrategy's Saylor advocated for the U.S. government to shift its strategic reserves from gold to Bitcoin.