Bitcoin advocate and MicroStrategy CEO, Michael Saylor, has once again championed Bitcoin as a critical hedge against the ongoing decline of the Euro (EUR). In light of recent shifts in the global financial landscape, Saylor suggested that the European Union (EU) should expedite its efforts to adopt Bitcoin as a reserve asset to protect against currency volatility.

The backdrop to Saylor’s remarks stems from a recent report by the U.S. Federal Reserve. The Fed’s decision to maintain interest rates between 4.25% and 4.50% has caused significant market movements, particularly in the value of the Euro. On March 19, 2025, the Euro retraced from its high of 1.0945 against the U.S. dollar, falling to 1.08255. This decline in the value of the Euro occurred after the Federal Reserve’s dovish stance, indicating a possible interest rate cut by the end of 2025. As a result, the U.S. dollar gained strength, impacting currencies around the world, including the Euro.

Saylor, known for his staunch Bitcoin advocacy, pointed out that this downward movement of the Euro could have been mitigated if the European Union had adopted Bitcoin as a reserve asset. In a tweet on March 20, 2025, Saylor suggested that Bitcoin—referred to as the “orange pill” in the crypto community—could have served as a hedge against such declines. He argued that Bitcoin’s decentralized nature and its ability to function as a store of value make it an ideal asset for countries or regions facing economic uncertainty.

Since Bitcoin’s inception, it has gained significant recognition as a digital asset that can outperform traditional fiat currencies in times of instability. Saylor’s view is that Bitcoin could have provided the European Union with an alternative to mitigate the risks posed by inflation and currency devaluation, especially as central banks around the world, including the European Central Bank (ECB), have faced challenges in controlling inflation.

In addition to his tweet about the Euro’s drop, Saylor referenced the Turkish Lira (TRY) as another example of Bitcoin’s effectiveness in preserving value. The U.S. dollar has outperformed the Lira since 2021, with the Turkish currency losing significant value due to economic instability. However, Saylor pointed out that Bitcoin has been one of the best-performing assets during the same period, proving its potential as a store of value in the face of traditional currency weakness.

The conversation surrounding Bitcoin’s role in global finance has intensified in recent years, especially with rising inflation concerns and increased government spending. Saylor is not the only voice advocating for Bitcoin adoption in the EU. Sarah Knafo, a French member of the European Parliament, recently called for the EU to establish a strategic Bitcoin reserve. Knafo highlighted the success of El Salvador, the first country to adopt Bitcoin as legal tender, and argued that Bitcoin’s decentralized nature and deflationary characteristics make it an appealing alternative to fiat currencies, particularly in an era of rising inflation.

Knafo also raised concerns over the proposed digital euro, which has been under consideration by the European Central Bank. She argued that a Bitcoin reserve could provide greater stability and freedom from centralized control, unlike the digital euro, which would still be subject to the ECB’s monetary policies.

While the EU has not yet acted on these suggestions, it has made strides in fostering a positive environment for digital assets. The European Union recently passed the Markets in Crypto Assets (MiCA) regulation, a framework designed to protect investors while encouraging cryptocurrency adoption across the region. The MiCA framework provides clear guidelines for digital asset markets, ensuring transparency and security, which could further drive the adoption of Bitcoin and other cryptocurrencies in Europe.

In the meantime, Bitcoin continues to attract attention as a potential hedge against global economic challenges. As more governments, institutions, and investors consider alternative assets like Bitcoin, the call for widespread adoption as a reserve currency grows stronger. Michael Saylor’s remarks serve as a reminder of the potential role Bitcoin could play in the future of global finance, particularly for regions like the European Union facing economic uncertainty.