- Lindner calls for Bitcoin adoption in central bank reserves.
- Germany risks falling behind on global cryptocurrency trends.
Former German finance minister Christian Lindner has demanded that Bitcoin be included in the reserves of the European Central Bank (ECB) and the Bundesbank. He believed it was a step further toward catching up with the rest of the world’s interest in holding Bitcoin reserves to keep the German economy strong.
During a session in parliament, Lindner said that the United States is already leading in progressive crypto policies, even during Donald Trump’s time, and also stated that conversations around adding crypto assets to the Federal Reserve reserve in Washington were gaining traction. He requested that Europe stay up with him by urging the introduction of a Bitcoin Strategic Reserve as one forward-looking move.
Germany’s Bitcoin Strategy
Lindner’s proposal comes amid a broader European Bitcoin debate. Earlier this year, lawmaker Joana Cotar recommended using Bitcoin as a strategic reserve currency and criticized ongoing Bitcoin sales. Instead, she pushed for Bitcoin treasury reserves and issued Bitcoin bonds.
Around the world, Hong Kong, Poland, and Japan are looking into a similar Bitcoin reserve strategy. Politicians in Hong Kong just voted to add Bitcoin to their Exchange Fund, but it is Europe’s policymakers, inspired by the success of El Salvador’s Bitcoin investments, that will make history.
Another country that shares Germany in a similar approach is South Korea, which neither shows interest in Bitcoin and does not perceive it as its reserve asset but fears its volatilities or general global adopting trends.
Whatever the fluctuations seen in Bitcoin are, Lindner thought that it lessened the aspect of political risk but yet also improved the German Financial Reserve diversification aspects. He claims that by being aggressive, Germany can strengthen its economic position without lagging behind the digital asset revolution.
The latest momentum that Bitcoin is gaining in the world demands a certain urgency to review where Europe stands within the new world of the cryptocurrency economy. The whole debate about whether one should include Bitcoin in central bank reserves turns out to be a critical juncture in monetary policy for Europe.
