France Dey Plan National Bitcoin Reserve, Reject Digital Euro
French lawmakers don put one bill wey go make national bitcoin reserve reach up to 420,000 BTC for seven to eight years. The plan talk say dem go do public bitcoin mining with extra nuclear and hydroelectric energy, take seized BTC from criminal cases, plus dey buy daily with money from savings schemes like Livret A and LDDS. E talk sey dem go fit pay tax for bitcoin and also make one Public Administrative Establishment wey go dey manage the national bitcoin reserve. The bill sharply reject the European Central Bank digital euro because e get wahala for privacy, power centralization and bank stability. Instead, e gree euro-backed stablecoins and want MiCA to change make more euro-denominated tokens come out before MiCA full start for 2026.
Bullish
To create one national bitcoin reserve and commit to buy 420,000 BTC for some years na big big demand shock from big big organization dem. For short time, buying pressure wey announcement cause plus miners support from surplus energy fit make BTC price rise. For long time, government formal backing and possible tax use of bitcoin go make network adoption and legitimacy strong, e go reduce market wahala. Reject for digital euro plus push for euro-backed stablecoins fit move capital flow go BTC. Together, these things point to say bitcoin get correct better future.