In a groundbreaking move, France is setting the stage for a potential shift in the European financial landscape by considering a proposal to allocate approximately $48 billion—about 2% of its national reserves—to Bitcoin. This ambitious initiative spearheaded by lawmaker Éric Ciotti is not only a vote of confidence in the leading cryptocurrency but also a pronounced challenge to the European Union’s ongoing digital euro ambitions. With implications that could reshape national financial policies, France is eyeing a future where blockchain-backed reserves enhance financial sovereignty.
Under Ciotti’s proposal, France aims to not only embrace Bitcoin but also incorporate stablecoins, rejecting the European Central Bank’s plan for a digital euro. This forward-thinking motion suggests that cryptocurrencies could serve as institutional collateral, pushing for reforms in EU financial regulations to foster a more inclusive crypto environment. If passed, France would take a historic step as the first major European country to formally recognize Bitcoin in its central reserves, joining a few nations like the United States and Bhutan in this bold financial transition.
🟥 Exclusive @TheBigWhale_A pro-crypto bill will be tabled today in the French Parliament by @partiudr led by @eciotti\nThis is the first time such a comprehensive text on the subject has been proposed in France. 🇫🇷\nHere are the proposals, which fall into three main areas.👉… pic.twitter.com/qIf6KJor8m— Grégory Raymond 🐳 (@gregory_raymond) October 28, 2025
As the political winds shift in favor of cryptocurrencies, Bitcoin’s market response has been swift, with minor price gains reflecting investor optimism. This significant pivot in France has not only caught the attention of market analysts but also signals a broader acceptance of digital assets across Europe.
Meanwhile, in another sign of the crypto sector gaining traction, fintech powerhouse SoFi Technologies has announced plans to venture into Bitcoin and cryptocurrency trading by the end of 2025. Their decision follows a record-breaking revenue report, with Q3 earnings surging 38% year-over-year to reach an impressive $950 million. This is not merely an expansion; CEO Anthony Noto articulated a vision where digital assets play a pivotal role in the company’s future strategy.
JUST IN: 🇺🇸 Fintech giant SoFi to launch #Bitcoin and crypto trading this year. pic.twitter.com/TlnAMa0IFW— Bitcoin Magazine (@BitcoinMagazine) October 28, 2025
SoFi is also gearing up to introduce its own stablecoin, SoFi USD, in early 2026, showcasing a significant shift from its original focus on student loans to creating a comprehensive financial ecosystem. The rollout of blockchain-based international transfers is also on the horizon, promising faster and more affordable payment solutions. This bold embrace of cryptocurrency by a mainstream financial player further solidifies the path towards widespread adoption and fuels market confidence.
As central banks around the world consider the implications of tokenization in response to fluctuating gold prices—a sentiment echoed by BlackRock CEO Larry Fink—Bitcoin’s role as a stabilizing asset becomes increasingly relevant. Fink noted that as gold sees its price dip below $4,000, investors gravitate towards digital currencies, using them as “assets of fear” to safeguard against economic instability. According to him, there is a growing urgency among central banks to adapt to a tokenized economy, which could signal a profound transformation in global finance.
BlackRock CEO: “Crypto and gold aren’t for profit, they’re protection.”\nHe says investors hold these assets not out of greed but out of fear to guard against currency dilution and global instability.#BlackRock #Crypto #Gold #Finance #Markets pic.twitter.com/FBo3Yi1CJu— Cyrus (@Cyrus_In_The_X) October 28, 2025
After Fink’s remarks, Bitcoin saw a temporary spike, briefly surpassing $115,500, as traders responded positively to his recognition of cryptocurrencies in the conversation surrounding financial security. However, Bitcoin has recently pulled back to around $112,400, navigating a volatile market landscape marked by bullish and bearish pressures.
At present, Bitcoin is teetering on the brink of crucial support and resistance levels. With the Relative Strength Index (RSI) hovering around 49, there is palpable uncertainty in trading dynamics. A breach below $112,200 could signal deeper dips, while a bounce back above $114,900 might reignite bullish momentum, pushing toward previous highs around $117,600.
In the innovation space, Bitcoin is also evolving with the introduction of Bitcoin Hyper ($HYPER), a new layer 2 solution on the Solana blockchain that promises to enhance transaction speeds and lower costs without sacrificing security. By marrying Bitcoin’s proven stability with the high efficiency of Solana’s framework, Bitcoin Hyper aims to usher in a new era of smart contracts and decentralized applications.
With its presale already surpassing $25.1 million, Bitcoin Hyper is set to make waves in the crypto sphere by providing solutions that cater to rising demand for speedy, efficient applications built on Bitcoin. This unique amalgamation of two of crypto’s greatest ecosystems could redefine user experiences, breathing new life into the Bitcoin narrative.
The developments unfolding in France, along with SoFi’s foray into the crypto space and the emergence of innovations like Bitcoin Hyper, collectively underscore a pivotal moment in cryptocurrency evolution. With increasing political support, corporate adoption, and technological advancements, the future looks bright for Bitcoin and the broader crypto market. Will France’s bold step set a precedent for other nations to follow? Only time will tell, but the momentum is undeniable.
Stay tuned as we continue to follow these developments closely and explore their implications for the future of cryptocurrency.