By CentBit.Online – Crypto & Blockchain Expert, Bangladesh
Former German Finance Minister Christian Lindner has called on the European Central Bank (ECB) and Bundesbank to include Bitcoin (BTC) in their reserves, urging Europe to adopt a more progressive stance on cryptocurrency integration.
Europe’s Position on Bitcoin Reserves
Speaking to the German Press Agency in Berlin, Lindner praised the U.S. Trump administration’s pro-crypto policies, describing them as “extremely progressive.” He highlighted recent discussions in Washington about the American central bank potentially adding crypto assets to its reserves alongside currencies and gold.
“Germany and Europe must not allow themselves to be left behind again,” Lindner warned.
Lindner’s remarks align with a European MP’s recent push for a Bitcoin Strategic Reserve to secure Europe’s economic future. The MP applauded El Salvador for its bold investments in Bitcoin, suggesting the European Union could benefit from similar strategies.
Advocating for Resilience and Decentralization
Lindner, head of Germany’s Free Democratic Party, argued that the ECB and Bundesbank, while independent, should examine the feasibility of adding Bitcoin to their reserves. He cited Bitcoin’s role in the global economy:
“Crypto assets now account for a significant part of the global increase in prosperity,” Lindner said, adding that Bitcoin could enhance the resilience of financial reserves.
He acknowledged the risks associated with Bitcoin’s volatility but compared it to fluctuations in traditional assets like precious metals, emphasizing Bitcoin’s decentralized nature as a hedge against political risks.
Germany’s Stance on Bitcoin Reserves
This year, the German government has actively moved Bitcoin holdings across wallets, sparking debate. In July, lawmaker Joana Cotar criticized these actions, urging the government to hold Bitcoin as a strategic reserve currency.
“Instead of selling, I recommend developing a comprehensive Bitcoin strategy,” Cotar wrote in a letter to Lindner earlier this year.
She suggested that Germany could:
- Retain Bitcoin in its treasury.
- Issue Bitcoin bonds.
- Foster a crypto-friendly regulatory environment to attract investments and innovation.
Europe’s Urgent Need for a Bitcoin Strategy
Lindner’s comments underscore the growing need for Europe to remain competitive in the global cryptocurrency market. As countries like the U.S. and El Salvador lead the charge, the EU faces pressure to develop a cohesive strategy to secure its financial and technological future.
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