{"id":18579,"date":"2025-03-22T14:02:17","date_gmt":"2025-03-22T14:02:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18579"},"modified":"2025-03-22T14:02:17","modified_gmt":"2025-03-22T14:02:17","slug":"bitcoin-to-the-rescue-saylor-says-eu-will-need-btc-amid-euro-woes","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18579","title":{"rendered":"Bitcoin To The Rescue? Saylor Says EU Will Need BTC Amid Euro Woes"},"content":{"rendered":"
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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. According to reports, the Euro (EUR) has weakened against the United States dollar (USD)<\/a> since yesterday.<\/p>\n

The decline followed a report from the Federal Reserve that many interpreted as leaning towards lower interest rates in the future. The Euro\u2019s value<\/a> fell from a high of 1.08 against the USD on Thursday to its current level of 1.07.<\/p>\n

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\u201cEurope gonna need Bitcoin\u201d \u2013 @saylor<\/a><\/p>\n

With rising debt, inflation and financial centralization \u2014 a digital euro (CBDC) set for launch in 2025 \u2014 Bitcoin is not just an option, it\u2019s the alternative\u2026 The question is not if but when Europe will realize it. https:\/\/t.co\/3AkOUnbBwY<\/a> pic.twitter.com\/AG01HkR4ex<\/a><\/p>\n

\u2014 BTC Prague (@BTCPrague) March 20, 2025<\/a><\/p>\n<\/blockquote>\n

Euro Under Pressure Following Fed Signals<\/strong><\/h2>\n

The recent weakening of the Euro occurred after the Fed decided to keep interest rates steady. These rates have remained between 4.25% and 4.50% since December. However, Federal Reserve<\/a> Chair Jerome Powell reportedly suggested the possibility of a 50-basis-point rate cut before the end of 2025.<\/p>\n

<\/p>\n

Furthermore, the Central Bank has been under pressure<\/a> from US President Donald Trump to cut interest rates, claiming that this is the proper course of action.<\/p>\n

The greenback has increased in relation to other currencies, particularly the Euro, as a result of the rally in US stocks and bonds brought on by these dovish US sentiment.<\/p>\n

\"\"<\/p>\n

Saylor\u2019s Bitcoin Pitch As A Potential Hedge<\/strong><\/h2>\n

Saylor, executive chairman and co-founder of MicroStrategy (now Strategy), said on social media that Bitcoin might provide a remedy amid this currency movement. In a statement made public this week, Saylor appeared to urge the European Union to proceed swiftly with any intentions to purchase BTC.<\/p>\n

\n

EUR gonna need BTC<\/p>\n

\u2014 Michael Saylor\"\u26a1\" (@saylor) March 20, 2025<\/a><\/p>\n<\/blockquote>\n

He implied that if the EU had held Bitcoin, it could have acted as a protection against the recent decrease in the Euro\u2019s value. For context, the price of Bitcoin<\/a> has risen by 2.6% against the US dollar in the last 24 hours, trading at $85,400, at the time of writing.<\/p>\n

Saylor also pointed out how the US dollar has far outperformed the Turkish Lira<\/a> (TRY) since 2021, and how this has resulted in a significant devaluation of the Turkish currency. He observed that Bitcoin has been among the top-performing assets in the same timeframe.<\/p>\n

EU\u2019s Potential Crypto Venture Gains Traction<\/strong><\/p>\n

A member of the European Parliament, Sarah Knafo, has recently urged the EU<\/a> to consider establishing a strategic reserve of Bitcoin.<\/p>\n

She highlighted the apparent success of El Salvador, a country that has officially adopted Bitcoin. According to reports, El Salvador\u2019s economy has been transformed through President Nayib Bukele\u2019s adoption of Bitcoin and other forward-thinking initiatives.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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. According to reports, the Euro (EUR) has weakened against the United States dollar (USD) since yesterday. The decline followed a report from the Federal Reserve that many interpreted as leaning […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18579","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18579"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18579\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}