Germany’s right-wing Alternative for Germany (AfD), the second-largest opposition party in the Bundestag, has introduced a proposal to create a national Bitcoin reserve.
Approval of this initiative could transform Germany from a Bitcoin seller into one of the largest Bitcoin holders in Europe.
Party members claim that Bitcoin could become a financial protection for Germany, previously gold served as a safe haven asset.
Under the Alternative for Germany proposal, the federal government would be required to acquire and hold a significant amount of Bitcoin, estimated at approximately 2% of the total BTC supply.
The Bitcoin reserve should strengthen Germany’s financial position in the face of inflation and global uncertainty.
Let us recall that last year the German government held large-scale sale Nearly 50,000 confiscated BTC were seized during criminal investigations. At a current price of approximately $107,000, their value exceeds $5,3 billion, compared to just $223 million in July of last year.
A day earlier in France, the leader of the French political party UDR, Eric Ciotti, presented a similar bill on the creation strategic reserve Bitcoins.