Crypto advisor: 'Bitcoin is financial sovereignty'

Bitcoin.com News reports that French MP Sarah Knafo suggested European nations should establish Bitcoin reserves, citing El Salvador’s success and the growing global interest in Bitcoin as a strategic asset. She also expressed concerns about the European Union's push for a digital euro, highlighting potential risks of financial control and inflationary pressures. Knafo emphasized that Bitcoin adoption could serve as a safeguard for economic freedom.

CoinDesk reported that the Czech National Bank approved a proposal to explore diversifying its reserves into additional asset classes. Governor Aleš Michl introduced this initiative and indicated interest in potentially adding bitcoin to the bank’s balance sheet. However, the proposal has faced opposition from the country’s finance minister and European Central Bank President Christine Lagarde, who said that bitcoin would not be included in any EU central bank’s assets.

Bitcoin functions as a decentralized digital currency, operating independently of central banks or governmental control. Trust Machines reported that Bitcoin's decentralized network makes it highly resistant to attacks since no single entity controls the blockchain. It also uses cryptographic methods such as asymmetric encryption to protect transactions and ensure user privacy.

Brameshuber is the co-founder of Validvent and a board member of the Digital Asset Association Austria (DAAA). He is also a certified tax advisor and Web3 entrepreneur with five years of experience researching and teaching crypto economics at the University of Vienna. According to his LinkedIn page, Brameshuber offers crypto tax and digital assets tax advisory services and provides consulting for Web3 startups.