France to Create National Bitcoin Reserve with Nuclear Energy and Savings
French MP Éric Ciotti has proposed establishing a state-supervised national Bitcoin reserve to diversify France’s assets and hedge against fiat inflation. The plan calls for a public administrative body to acquire BTC through energy-powered mining using surplus nuclear and hydroelectric capacity, daily purchases funded by reallocating 25% of Livret A and LDDS savings deposits (around €15 million per day), and seized cryptocurrencies from legal proceedings. Ciotti’s draft legislation also allows tax payments in BTC, opposes a digital euro, endorses euro-pegged stablecoins, and offers streamlined crypto registration, lower transaction taxes, and miner incentives. He estimates up to 55,000 BTC could be secured annually, potentially rivaling early adopters like El Salvador. However, UDR’s limited seats in the National Assembly and broader political resistance pose significant barriers to implementation despite its bullish signal for market demand.
Bullish
Ciotti’s proposal to establish a national Bitcoin reserve backed by large-scale government purchases, energy-powered mining, and supportive crypto policy frameworks signals increased long-term demand for BTC. While legislative hurdles may delay immediate execution and cap near-term price movement, the plan’s ambition to secure up to 55,000 BTC annually and integrate BTC into fiscal tools (tax payments, reserves) underpins a bullish outlook by bolstering institutional confidence and highlighting Bitcoin’s role as digital gold.