France Plans Bold Crypto Move: National Bitcoin Reserve of 420,000 BTC

A groundbreaking proposal from the UDR party in France aims to create a national reserve of 420,000 Bitcoin. This initiative seeks to shift France’s monetary reserves away from traditional fiat currencies towards digital assets, marking a significant step in exploring decentralized financial models. The project, supported by a dedicated public institution, proposes a progressive accumulation over seven to eight years, using 15 million euros per day for bitcoin purchases without relying on debt. This move challenges existing notions of national economic sovereignty and opens the door to crucial debates regarding digital currency adoption.