Former German Finance Minister Christian Lindner has called on the European Central Bank and Bundesbank to incorporate Bitcoin into their reserves, emphasizing the significance of digital assets for the global economy.
Europe Looks to Catch Up with the U.S.
Lindner highlighted the United States’ success in adopting crypto assets, with discussions about adding them to the Federal Reserve’s reserves. He believes Germany and Europe should follow suit and supported a European Parliament proposal for a 'Bitcoin Strategic Reserve.'
Germany’s Bitcoin Debate Gains Momentum
The debate over Bitcoin adoption in Germany has gained traction this year. In July, lawmaker Joana Cotar urged the government to hold Bitcoin as a 'strategic reserve currency.' She criticized the ongoing sale of Bitcoin holdings and proposed alternatives such as Bitcoin treasury holdings and issuing Bitcoin bonds.
Global Spread of National Bitcoin Reserve Concept
The concept of national Bitcoin reserves is spreading globally. Hong Kong, Poland, and Japan are also exploring the idea. In Hong Kong, lawmakers proposed integrating Bitcoin into the Exchange Fund to enhance financial security. The U.S. and Europe’s movements may pave the way for broader adoption worldwide.
Decisions regarding Bitcoin could impact the financial stability and innovation potential of countries. The strategy of including crypto assets in national reserves is gaining international support.
