The German government’s decision to liquidate 50,000 bitcoins seized from the illegal site Movie2k.to has sparked controversy. Joana Cotar, a federal MP, opposes the sale, arguing it harms the national economy and the crypto market. She views Bitcoin as a strategic asset and suggests it should be preserved as a national reserve to protect against inflation and stimulate economic innovation.
Cotar actively promotes Bitcoin adoption in Germany and has launched the “Bitcoin in the Bundestag(Lower House of German Parliament)” program to educate her colleagues on crypto’s benefits. She advocates for a balanced approach that combines legal security with innovation while preserving Bitcoin’s libertarian aspects.
Cotar also opposes the European Central Bank’s digital euro, considering Bitcoin a better alternative for ensuring financial freedom. Her stance reignites the debate on Bitcoin’s role in Germany’s economic strategy. While the government prefers immediate liquidity, Cotar calls for a long-term vision, suggesting Bitcoin could be a valuable national strategic asset.
Disclaimer: The information provided on CoinsLately is for informational and educational purposes only. CoinsLately does not provide investment, financial, or legal advice. The content on this site represents the opinions and views of the authors and should not be considered as professional financial advice.
Cryptocurrency investments are highly speculative and involve substantial risk. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. CoinsLately and its authors are not responsible for any financial losses or damages incurred as a result of the information provided on this site.
