CandleFocus German MP Joana Cotar Champions Bitcoin as a National Asset for Economic Freedom
2024-10-10
Author: Content Editor
German parliament member Joana Cotar has expressed her strong support for Bitcoin as a national reserve asset. She believes that a well-structured Bitcoin strategy could transform a nation, particularly in addressing issues of inflation and financial inclusion. Cotar proposes using Bitcoin as a diversification tool for the German treasury to hedge against inflation. She also calls for her fellow parliament members to join the "Bitcoin in the Bundestag" initiative to better understand the benefits and potential use cases of Bitcoin. Despite her support for Bitcoin, Cotar opposes a central bank digital currency (CBDC) due to financial and privacy risks. The German government recently sold its Bitcoin holdings, which may impact Bitcoin prices due to selling pressure. However, market analysts suggest that the market has already factored in the impact of these sales.
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