Is Germany Ready For A Bitcoin Reserve? Lawmaker Cotar Pushes For Strategic Plan

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Bitcoinist 11h ago

Is Germany Ready For A Bitcoin Reserve? Lawmaker Cotar Pushes For Strategic Plan - Bitcoinist

Quick Summary:

Joana Cotar, a member of the German Bundestag and a longtime advocate of Bitcoin (BTC) adoption, is pushing back against the government’s recent decision to sell its BTC holdings. Having witnessed the sale of approximately 50,000 confiscated Bitcoin earlier this year, Cotar is now championing the idea of establishing a strategic Bitcoin reserve for Germany.

Instead, the lawmaker proposed alternative strategies for BTC adoption, such as designating it as a federal reserve asset and utilizing it as a store of value to combat inflation.

She is dedicated to fostering understanding among her fellow lawmakers about the potential benefits of adopting Bitcoin.