“Gradually, then suddenly.”
A few hours ago, Jean-Michel Mis, a member of the French National Assembly ("l'Assemblée Nationale") twitted to confirm his signature and support of an online petition proposing an amendment to the Monetary and Financial code authorizing the "Banque de France" to buy bitcoin and other crypto-assets.
Jean-Michel Mis is a member of the French political party "En Marche", the party of Emmanuel Marcon the current French president, and "deputé" of the region "la Loire".
Stating that it becomes vital for France to embarrass changes in the digital world by amending its laws, the petition also cites the like of Microstrategy and Tesla as some of the foremost companies to have acquired Bitcoin to protect their cash reserve. The city of Miami is also cited as a public entity to position itself to purchasing Bitcoin in a near future.
The weakness of the US Dollar in the mid-term is mentioned as the primary driver for companies to adopt Bitcoin.
As for a central bank of a major European country to even lean favorably toward cryptocurrencies and Bitcoin, this is still a big stretch of mind in my opinion. Or is it? Nevertheless, it's one more crack in the stature of the US Dollar as World Reserve Currency and one more politician to argue of the inevitable importance of Bitcoin.
-OMS
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