As Bitcoin (BTC) reserve discussions continue to escalate, new statements came from former German Finance Minister Christian Lindner.
Christian Lindner, who recently criticized German Chancellor Olaf Scholz for not including Bitcoin in Germany’s financial strategy, said that the European Central Bank and the German Federal Bank (Bundesbank) should review their reserve policies.
Lindner stated that the ECB and the Bundesbank should consider cryptocurrencies such as Bitcoin to strengthen their reserve policies.
According to Lindner, the Bundesbank and the ECB need cryptocurrencies such as Bitcoin as well as gold and foreign currencies.
Speaking to the German press, Lindner said:
“The new Trump administration is pursuing a very progressive policy when it comes to crypto assets like Bitcoin. Because the US wants to be the world's leading location in crypto as well as the dollar.
At this point, the US Federal Reserve is even considering including cryptocurrencies in its reserves, along with currencies and gold.
“While the US is making progress on crypto, Germany and Europe must not allow themselves to fall behind the US once again. Germany also needs to examine whether cryptocurrencies should be included in the central bank's reserves, because cryptocurrencies now constitute a significant portion of global wealth growth.”
As you may recall, in December, French MP Sarah Knafo also called for a strategic BTC reserve for the European Union.
When asked about the huge fluctuations in Bitcoin and cryptocurrency prices and the risks of this, Lindner said that these concerns are known to everyone and continued as follows: “No one would bet everything on them without question. However, political risks can be calculated due to a decentralized system where no one has sole power. There are also fluctuations in classic assets such as gold, which are precious metals.”
*This is not investment advice.
