Is Germany Ready
For A
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Reserve? Lawmaker Cotar Pushes
For Strategic Plan
Is Germany Ready For A Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Reserve? Lawmaker Cotar Pushes For Strategic
Plan
by Ronaldo Marquez
2 minutes ago
in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin News
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Joana Cotar , a member of the German Bundestag and a longtime advocate of
Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) 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• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin earlier
this year, Cotar is now championing the idea of establishing a strategic
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve for Germany.
BTC As A Political Force In Europe?
In a recent interview with Bitcoin Magazine, Cotar expressed her belief that
BTC could become a significant political force in Europe. She is dedicated to
fostering understanding among her fellow lawmakers about the potential
benefits of adopting Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin.
To this end, Cotar has initiated educational efforts, including the creation
of a dedicated website, a newsletter, and parliamentary events featuring
experts in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта field.
Cotar noted that these initiatives have garnered interest from other
parliament members, indicating a growing curiosity about how BTC could enhance
Germany s financial system.
Related Reading: New Bill For National Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Reserve Introduced In Brazil’s
Chamber Of Deputies
When discussing the main barriers to BTC adoption within European governments,
Cotar highlighted a prevailing sense of fear. She explained that there is
often a cautious approach toward new ideas and technologies, with governments
prioritizing regulatory concerns and perceived risks over opportunities for
innovation.
During the interview, Cotar also referred to BTC as the freedom
currency and a tool for liberation, emphasizing its
significance in an era where many people face oppression in authoritarian
regimes. She believes that BTC offers individuals a means to express their
opinions and assert their freedoms in ways that traditional financial systems
may not allow.
Cotar Proposes Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin As A Federal Reserve Asset
Reflecting on the German government s decision to sell its BTC holdings
, Cotar characterized it as a critical misstep. She previously communicated
her concerns to the Minister of Finance and the Chancellor, advocating for a
cohesive Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin strategy rather than the liquidation of assets.
“Germany needs a Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin strategy,” Cotar asserted, stressing that legislation
should be amended to allow for the retention of confiscated BTC as a national
reserve rather than selling it off.
Related Reading: El Salvador President’s ‘Rent-A-Volcano’ Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mining Idea
Ignites Crypto World
While acknowledging the potential for BTC to be implemented as legal
tender—similar to El Salvador—Cotar recognized that such a move is unlikely to
happen in Germany in the near term.
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 also mentioned the possibility of mining
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin as another avenue for integration into Germany’s economy. The daily
chart shows BTC s price consolidating above $90,000. Source: BTCUSDT on
TradingView.com
At the time of writing, BTC has managed to regain the $93,120 level, after
briefly retreating to the $91,000 level on Tuesday, posting losses of nearly
7% in the past week alone.
Featured image from DALL-E, chart from TradingView.com