Germany’s Opposition Party Wants Bitcoin as National Reserve Asset
Summary
The Alternative for Germany (AfD) submitted a motion to the Bundestag proposing that the government treat Bitcoin differently from other cryptocurrencies and consider holding it as a strategic national reserve asset, aiming for roughly 2% of Bitcoin's total supply. This proposal follows the irony of Germany selling 50,000 seized Bitcoins in July 2024 for about $3 billion, an amount now worth over $6.5 billion. The AfD also seeks to maintain current tax benefits, such as tax-free gains after 12 months. While the motion reflects a global trend—with France and Switzerland also exploring Bitcoin reserves—it faces significant political opposition from the governing coalition and technical hurdles regarding secure custody and valuation. Despite the unlikely immediate adoption, the debate signals Bitcoin's growing acceptance in serious discussions about monetary sovereignty.
(Source:Brave New Coin)