German Parliamentarian Criticizes Government’s Bitcoin Sale
The recent decision by the German government to sell a significant amount of bitcoins has stirred up controversy, with Federal MP Joana Cotar opposing the move. Cotar argues that this action could have negative repercussions on the national economy and the cryptocurrency market, reigniting discussions about the strategic importance of Bitcoin for Germany.
The bitcoins being sold are part of the 50,000 seized from the illicit website Movie2k.to. This move has raised concerns among various parliamentarians, including Joana Cotar, who view Bitcoin as a crucial asset for the country’s future. In an official statement directed at policymakers, Cotar strongly advised against hastily liquidating these state-owned bitcoins, asserting that they should be maintained as a strategic national reserve.
Furthermore, Cotar suggests that Bitcoin could serve as a valuable tool for diversifying the assets of the German Treasury. She sees it as a means to safeguard against inflation and drive economic innovation. Beyond her critique of the government’s actions, Cotar actively promotes a better understanding and adoption of Bitcoin in Germany. She has initiated the “Bitcoin in the Bundestag” program to educate her parliamentary colleagues about the benefits of cryptocurrencies.
Advocating for a balanced approach, Cotar emphasizes the importance of ensuring legal compliance and fostering innovation while addressing risks such as money laundering. She contrasts her support for Bitcoin with her lack of interest in other cryptocurrencies, highlighting her belief in Bitcoin as a credible alternative to the European Central Bank’s digital euro, offering financial freedom to citizens.
Joana Cotar’s stance has reignited discussions on the role of Bitcoin in Germany’s economic strategy. While the government appears inclined towards immediate liquidity, the MP advocates for a more long-term vision. The outcome of this debate will determine whether Cotar’s plea to designate BTC as a national strategic asset will be acknowledged.
