Dutch Opposition Leader Ponders Crypto Launch To Counter Euro

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Last Updated on 18 May 2021 by CryptoTips.eu

Jeroen Kok

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There are a few nations in the European 27-member club who are reluctant when it comes to acceptance of the Euro coin. Poland, Romania and Hungary have all managed to keep their own currency, to great annoyance of some of the founding members, none more so than the Dutch, where a great part of the population is nostalgic about a return to their own Gulden.

One of the major opposition parties in the Netherlands, the so-called Forum Voor Democratie of politician Thierry Baudet, has therefore been toying with the idea of launching a national cryptocoin should he ever become Prime Minister. His party feels that the European Central Bank’s constant printing will soon leads to growing inflation.

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Political zenith

Of course, with Mark Rutte having just been re-elected as Prime Minister of the Netherlands for another term, there is only a slim chance of Baudet ever reaching the political zenith, but the fact that opposition leaders are now accepting that crypto is mainstream enough to propose it as an idea to counter a fiat currency, is another sign of global acceptance for crypto.

Already we wonder whether in France opposition leader Marine Le Pen will propose the same thing when she runs for President next year.

Baudet gave a speech this past weekend (widely reported in the national Dutch press) in which he once again repeated his promise to launch a Dutch cryptocoin (called forumcoin) should his party win in order to counter rising inflation in the Eurozone. This is not the first time the main opposition politician spoke about such an idea.

In April of this year, he already claimed that:

The EU keeps printing money, out of control inflation is inevitable. Crypto is a democratic solution, which is why I’ve now started it.

If the next EU economic figures would show a similar inflation rise as the US is now experiencing (it reached 4.2% last month, the highest since 2008), Baudet has a point indeed.

magri1 / Depositphotos.com