France Proposes Bill to Secure 2% of Global Bitcoin Supply

France Proposes Bill to Secure 2% of Global Bitcoin Supply

French MP Éric Ciotti’s bill outlines acquiring 420,000 BTC within eight years, funded by surplus energy mining, seized crypto, and daily purchases from savings accounts.

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Fact Check
The assessment is based on strong, direct evidence from official French legislative sources. The most critical piece of evidence is an official amendment presented to the French National Assembly. This document is a primary source representing a formal legislative proposal by elected members, which directly supports the core of the statement that a proposal has been made.While the statement uses the term "bill," the primary evidence points to an "amendment" to a bill. In the context of the legislative process, an amendment is a formal proposal to alter or add to a bill, making the statement substantially accurate. The existence of a related bill on crypto-asset markets in the French Senate further corroborates that there is an active legislative vehicle for such a proposal.Supporting evidence, such as two separate public petitions on the official parliamentary website calling for the creation of a national Bitcoin reserve, demonstrates that there is political and public interest in this topic, providing a plausible background for the formal amendment being proposed.Other provided sources are correctly identified as irrelevant, as they pertain to US legislation, historical French reports, or general economic studies. There is no conflicting evidence among the relevant sources. Therefore, the claim that a legislative proposal exists in France with the goal of acquiring a significant portion of the global Bitcoin supply is well-supported by the primary sources.
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Summary

French MP Éric Ciotti has proposed a bill to build a national Bitcoin reserve of approximately 420,000 BTC—equating to 2% of total supply—over a 7–8-year span. The funding plan includes mining with surplus nuclear and hydroelectric power, utilizing seized cryptocurrency assets, and executing daily Bitcoin purchases through savings accounts. The initiative positions Bitcoin as a strategic asset for national financial sovereignty.

Terms & Concepts
  • Bitcoin Strategic Reserve: A government-held stockpile of Bitcoin intended to serve as a financial and strategic asset.
  • BTC: Ticker symbol for Bitcoin, the first and most widely recognized decentralized cryptocurrency.
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