MSServices_info on Nostr: German lawmaker Joana Cotar has urged the government to halt its sell-off of Bitcoin. ...

German lawmaker Joana Cotar has urged the government to halt its sell-off of Bitcoin. Instead, she proposes embracing the Bitcoin as a “strategic reserve currency” to mitigate risks associated with the traditional financial system. The German lawmaker believes Bitcoin could help diversify Germany’s treasury assets, act as an inflation hedge, and foster innovation. Since June 19, Germany has sold 7,583 Bitcoin, valued at approximately $434.9 million. Cotar’s strategy also involves creating a legal framework to encourage Bitcoin-based innovation and attract global talent1.For more details, you can read the full article here:
https://www.forbes.com/sites/digital-assets/2024/07/07/german-lawmaker-demands-strategic-overhaul-amid-bitcoin-sell-off-chaos/