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Michael Saylor Predicts The Future: Without Bitcoin, Euro Is Doomed!

11h35 ▪ 5 min read ▪ by Evans S.
Getting informed Bitcoin (BTC)

Is the euro doomed to drift with monetary policies and geopolitical tensions? Michael Saylor, a prominent figure in bitcoin, is convinced of this. In a striking tweet — ” EUR gonna need BTC ” — the CEO of MicroStrategy warns about the future of the European currency. While the United States is massively adopting cryptos, the Eurozone hesitates, caught between sovereignty and the risk of obsolescence.

Michael Saylor pointe du doigt un Bitcoin fissuré

Europe in panic: the race against time

On March 10, a rare admission cracked the diplomatic veneer of European finance ministers. Under pressure from recent American decisions, the euro wobbles. Donald Trump, by signing a decree to create a state bitcoin reserve, turned the tables.

Overnight, the United States went from skeptical spectators to masters of the game. Result? Europe fears becoming a mere extra in this economic play.

Paschal Donohoe, president of the Eurogroup, acknowledged the urgency: “Foreign policies have major consequences for us.” A euphemism.

Behind these words lies a harsh reality: European monetary stability is threatened if the dollar, backed by ubiquitous stablecoins, asserts its dominance.

Worse, the American crypto initiative awakens an old European nightmare: the loss of sovereignty. In 2020, Facebook’s Libra project had already shaken Brussels, prompting the ECB to accelerate its “digital euro.” But Diem (formerly Libra) collapsed in 2022, leaving Europe confronted with a dilemma: invent its own digital currency… or endure others’.

Stablecoins: Trojan horse of the dollar?

For Philip Lane, chief economist of the ECB, the danger is tangible. ” Without digital euro, the dollar will reign supreme “, he warns.

The numbers validate his alarmism: 99% of stablecoins are pegged to the greenback. A silent hegemony, which could reduce the euro to a secondary currency in daily payments.

But the real Achilles’ heel of Europe? Tech giants. Apple Pay, Google Pay, and PayPal already control 80% of digital transactions on the Old Continent. These actors, mostly American, could soon integrate dollar-denominated stablecoins, creating systemic dependency.

Faced with this double threat — technological and monetary — the ECB is betting on the digital euro to regain control. “A universal payment solution, under European governance“, Lane proclaims.

However, this project remains bogged down in bureaucratic meanders. Meanwhile, bitcoin, decentralized and stateless, is nibbling at market shares.

From the digital euro to bitcoin, the inevitable shift. If the digital euro were a shield, bitcoin could be the sword. While Europe hesitates, Saylor reminds us of the essential: cryptos are not just a payment tool. They are a bulwark against monetary erosion.

Bitcoin: savior despite itself?

The irony is cruel. Europe, the cradle of banking innovation, finds itself lagging behind. Its digital euro, designed to counter Libra, arrives too late. Dollarized stablecoins and Big Tech have already paved their way.

Michael Saylor, on the other hand, looks further. Bitcoin is not just an alternative to traditional currencies; it is a hard asset, deflationary, impervious to the whims of central banks.

While the ECB tries to control the narrative with its project, BTC embodies individual sovereignty. A concept that disturbs as much as it liberates.

And if the euro survived by allying with bitcoin? For now, Brussels remains firm on its regulatory positions. But faced with the American rush, the vise is tightening. ” Europe does not have the luxury of time “, whisper the corridors of the ECB.

Michael Saylor has lit a fuse. It remains to be seen if Europe will hear it crackle. Without bitcoin, the euro risks sinking into uselessness, suffocated by the dollar and stablecoins. The single currency must choose: adapt… or disappear. Between innovation and tradition, the countdown has started despite the unprecedented crisis announced by Glassnode.

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Evans S. avatar
Evans S.

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.

DISCLAIMER

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.