German parliamentarian Joana Cotar advocates for using Bitcoin to diversify the country’s treasury assets, hedge against inflation, and promote innovation.
Through a post on X, Joana Cotar, a member of the German Bundestag, has recently criticized the German government’s decision to sell previously confiscated bitcoins. According to Cotar, Germany should consider Bitcoin as a strategic asset for its national reserves, serving as a hedge against inflation.
In a letter, Cotar invited four German politicians to the “Bitcoin Strategies for Nation States” event scheduled for October, hoping to change their views on Bitcoin. Currently, the German government holds 40,359 bitcoins, equivalent to approximately $2.30 billion.
Educational initiatives
To increase awareness about Bitcoin within the German Parliament, Cotar launched the “Bitcoin im Bundestag” program, as previously discussed on Atlas21. The project aims to educate fellow parliamentarians about the benefits of Bitcoin. Additionally, she proposed the establishment of a formal committee in the Bundestag to highlight the technological differences between Bitcoin and other cryptocurrencies.
Criticism of the digital euro
In the past, Cotar publicly criticized the ECB’s plans for the Digital Euro, arguing that its potential introduction could threaten the financial freedom and privacy of European citizens. Cotar believes that the Digital Euro could become a tool for excessive government control.
Last year, during a speech against the Digital Euro in the Berlin Parliament, she stated:
“Nobody needs the digital euro. Except for one ECB and politicians who have something else in mind.”
