In early December, protests erupted in France after the government announced plans to increase fuel taxes. Thousands of people wearing yellow construction vests took to the streets, demanding President Emmanuel Macron reverse the tax hike. Across the county, protesters could be heard yelling familiar rallying cries, “We are running the revolution” and “Macron to the Bastille.” The Arc de Triomphe in Paris was spray painted with the message: “We have chopped off heads for less than this,” a reference to the death of King Louis XVI and his wife, Marie-Antoinette.

Many people are noting the similarities between the intensifying “Yellow Vest” protests and the French Revolution. A mural in Paris painted by street artist Pascal Boyart draws a direct comparison. The piece replicates the famous “Liberty Leading the People” painting that commemorates the end of the French Revolution. In Boyart’s version, soldiers are replaced by “Yellow Vest” protestors.

Inside the painting is another interesting parallel – Bitcoin. To be specific, a private key containing $1,000 worth of Bitcoin is hidden within the strokes of the mural.

So, what do Yellow Vests, the French Revolution, and Bitcoin have in common? Nothing or everything, depending on how you look at it.

Euros to Bitcoin!

This week, Yellow Vest protesters announced plans of a “bank run,” urging all citizens to withdraw their money from French banks at the same time on Saturday, January 12. As the Bitcoin community caught wind of it, they began urging protestors to turn their Euros into Bitcoin.

While Bitcoin can’t solve all of the protester’s grievances, it could incentivize governments to print money responsibly, better manage inflation rates and offer citizens a democratized alternative to the traditional banking system. The likelihood of a “bank run” succeeding are slim, but the chances that people start purchasing Bitcoin to protect their wealth, are higher.


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