German MP Calls for Strategic Bitcoin Reserve In Germany, MP Joana Cotar criticized the government’s decision to sell its Bitcoin holdings, urging the development of a strategic reserve. Cotar argued that holding Bitcoin could diversify the state’s assets and serve as a hedge against inflation. She emphasized the need for a clear legal framework for Bitcoin, suggesting it could enhance Germany’s technological and financial development.
German Government’s Bitcoin Transfers The German government, following the seizure of 50,000 BTC from a film piracy site, has transferred significant amounts to various exchanges, raising concerns about the impact on Bitcoin’s market price. Recently, the government transferred another 3,000 BTC ($175 million) to various addresses, including major exchanges like Bitstamp, Coinbase, and Kraken. Despite these actions, Cotar advocates for a comprehensive Bitcoin strategy, including maintaining Bitcoin in the state treasury and creating a favorable regulatory environment.