France: A Presidential Candidate Proposes To Allocate 5 To 10% Of National Reserves In Bitcoin
As central banks around the world struggle in an endless race of monetary printing, François Asselineau, president of the UPR, proposes a radical shift: to integrate 5 to 10% of bitcoin into the Banque de France’s reserves. An idea that shakes traditional economic certainties and questions our relationship with sovereignty. Behind this proposal lies an unyielding observation: bitcoin is not just a simple cryptocurrency, but a tool of resistance against the erosion of financial freedoms.
A strategic shield against the drift of traditional currencies
A store of value immune to the whims of central banks? Bitcoin, with its cap set at 21 million units, embodies this unprecedented digital rarity.
Unlike gold, whose actual reserves remain opaque (who knows what Fort Knox’s vaults hide?), each bitcoin is traceable, verifiable, and impossible to duplicate. A revolutionary transparency.
Asselineau highlights a paradox: France holds 2,436 tons of gold but remains vulnerable to monetary crises of confidence.
By allocating 5 to 10% of its reserves to bitcoin, it would diversify its financial arsenal. A bold, yet calculated bet.
Let’s recall that El Salvador, a pioneer in this field, has already converted part of its public treasury into bitcoin, defying the IMF. The result? A less dollar-dependent economy and an influx of innovative capital.
Mining, often criticized for its energy impact, becomes a geopolitical asset here. By valuing energy surpluses (like in Finland, where data centers heat cities), France could transform an ecological constraint into an industrial lever. An idea that shakes dogmas: what if bitcoin wasn’t the problem, but part of the solution?
Digital euro vs Bitcoin: the invisible battle for financial freedom
Behind the promises of modernity, the digital euro hides a formidable trap: total surveillance. Programmable, traceable to infinity, it opens the door to a Chinese-style social credit.
Marvin Scarella, an expert invited by UPR, summarizes: “With the digital euro, your wallet will become a snitch. Bitcoin, on the other hand, remains a personal safe.”
The difference is crucial. While the ECB is considering limiting the use of cash (already capped at €1,000 in France), bitcoin allows permissionless transactions, circumventing sanctions and controls.
A vital tool for countries under embargo, such as Venezuela or Iran, but also for ordinary citizens. Did you know that 12% of the French population already holds cryptocurrencies? A silent tide, ignored by the elites.
In this context, Asselineau’s proposal is not merely economic: it is eminently political. Constitutionalizing cash and adopting bitcoin is to refuse the banks’ stranglehold on our lives.
Asselineau is not proposing a speculative flight forward, but a strategy of sovereignty. Integrating bitcoin into French reserves is anticipating the collapse of fiat currencies while protecting individual freedoms even though it has also lost a key support against gold.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.