New Economic Paradigm
Kerby Anderson
As the year of 2024 winds down, I predict the year 2025 will be different. There is reason to believe that the political landscape will be different in the U.S. due to the election of Donald Trump. But there is growing evidence that the political change here will also be felt in other countries due to the rise of populism.
But I also predict that the economic landscape will be different. Earlier this month I talked about the desire by some members of Congress to build a bitcoin strategic reserve. And Trump has been exploring the possibility of issuing an executive order to create a bitcoin reserve. Other countries have noticed.
Sarah Knafo is a European MP from France. She recently gave a speech in front of the European Parliament. The quotes I am using here have been translated into English using AI. She began by giving a brief history of how one country has successfully used bitcoin and then asked these questions. “Bitcoin is skyrocketing and what about the European Union? What is the European Union doing? It's squandering our money on unbelievable waste. It continues to accumulate tragically inflationary deficits.”
She then suggested that it is time to change the paradigm. “It’s time to protect our people from inflation and the poor economic choices of our states. It's time to say no to the totalitarian temptations of the European Central Bank which wants to impose a fully controlled digital Euro.” Instead, she argues, “It’s time to bet on freedom. It's time for our states to invest in bitcoin to build national strategic reserves.”
I would suggest to you that a speech like this wouldn’t have been given six months ago in front of the European Parliament. We may be seeing an entirely new economic paradigm in the year 2025.
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