In the land where baguettes reign supreme and the Eiffel Tower pierces the sky, a new kind of revolution is brewing. Eric Ciotti, the self-proclaimed champion of the Union of the Right for the Republic (UDR), has tossed a stone into the still waters of French finance. According to a local whisperer-er, media outlet-Ciottiās grand plan is to hoard Bitcoin like itās going out of style. š§āāļøš°
Why? Well, because nothing says āfinancial sovereigntyā like a pile of digital coins mined from surplus nuclear and hydroelectric power. š«š·ā” And letās not forget the forfeited crypto-because who doesnāt love a good treasure hunt? š“āā ļø
Ciottiās brainchild would be managed by a bureaucratic behemoth called a public administrative establishment. Fancy name, right? Itās basically a government body with a leash, supervised by the state. šāā
But hereās the kicker: Ciotti wants to siphon 25% of deposits from Franceās beloved Livret A and LDDS savings accounts. Thatās right, your grandmaās nest egg could soon be funding Bitcoin instead of social housing. š š The remaining 75%? Oh, itāll still go to those boring things like loans and whatnot.
Under this scheme, France could snag roughly 55,000 BTC every year. Thatās enough to make even Elon Musk raise an eyebrow. š But Ciotti, with his conservative charm, insists this will put France āat the forefront of monetary freedom.ā Because nothing screams freedom like a government-backed Bitcoin stash. š¦ š¤
Will this pipe dream fly?
Ah, the million-euro question. Ciottiās party holds a measly 16 out of 577 seats in the National Assembly. Thatās like bringing a croissant to a sword fight. š„āļø And letās not forget the opposition, whoāll likely laugh this proposal into the Seine.
Adding insult to injury, Ciottiās been in hot water lately. The anti-corruption folks at Anticor claim he got a little too cozy with public funds during his days as Departmental Council president. Oops. š¤š¼
So, will France become the Bitcoin capital of the world? Or will this proposal fizzle out like a cheap bottle of champagne? Only time will tell. š„š¤·āāļø
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2025-10-28 23:18