News 
December 31, 2024 
3 min. 
The European Central Bank and the German Central Bank are being urged by Christian Lindner, a former minister and politician from Germany, to be more open minded toward Bitcoin. In his opinion, this would improve reserve strength within Germany and making sure Germany is following global economic development.
Germany’s Cautious Stance on BTC
He made this statement when many nations like the United States, were actively searching for more progressive policies surrounding BTC and other cryptocurrencies. Furthermore, the former Minister noted that conflicts over the Trump administration included a discussion over bitcoin and its use in generalization with reserve possibilities on top of using gold as a formidable possibility for the Federal Reserve.
Even with the increasing number of advocates for Bitcoin, Germany continues to remain cautious regarding Bitcoin and other cryptocurrencies. This year, however, the German government ignored requests to retain seized cryptocurrency assets and sold approximately 50,000 Bitcoin that were seized from a piracy website, instead of keeping them as a strategic asset reserve. Not only was this decision undocumented, but well known BTC supporter Joana Cotar criticized the decision, saying that with the multitude of risks surrounding such a volatile cryptocurrency, having a stock such as BTC greatly helps.
Cotar also spearheaded the event titled “Bitcoin Strategies for Nation States”, to which lawmakers, and heads of firms were invited in order to discuss possible legal frameworks through which BTC could be used as a financial construction. More importantly, the country’s government remains to focus on staying quiet when it comes to using bitcoin as a reserve asset.
Global Perspectives on Bitcoin as a Reserve
Germany is not alone in its hesitancy. Japan and South Korea have also rejected calls to adopt Bitcoin as a reserve asset, citing concerns about volatility and limited adoption trends. However, in the U.S., a bill proposed by Senator Cynthia Lummis suggests acquiring 5% of BTC total supply for national reserves.
Despite these discussions, analysts remain skeptical about Bitcoin’s immediate adoption as a reserve asset. CryptoQuant’s Ki Young Ju noted that as long as the U.S. dollar retains its dominance, there’s little incentive for policymakers to shift toward BTC.
