The post Is Germany About To Add Bitcoin To Their Reserves Hints Former Finance Minister appeared first on Coinpedia Fintech News
Christian Lindner, leader of the Free Democratic Party (FDP) and former Finance Minister of Germany, is gearing up his Bitcoin and crypto policy efforts as Germany prepares for its February parliamentary elections. Lindner has called on the European Central Bank (ECB) and the German Bundesbank to follow the U.S. by adding cryptocurrencies like Bitcoin to their reserves.
German To Add Bitcoin To Their Reserves
The FDP’s latest election manifesto shows a clear focus on digital assets. Bitcoin and cryptocurrencies are mentioned five times, showing how important they are becoming to the party’s plans.
Lindner pointed to the United States, where crypto-friendly policies are being introduced under the Trump administration.
He criticized Germany’s political leaders for neglecting the global shift toward digital currencies, stating, “I don’t hear anything about this in the central debates of the German Bundestag.”
Strengthening Reserves with Bitcoin
Lindner believes Bitcoin could make Germany’s financial reserves stronger. He highlighted how cryptocurrencies are now a big part of global wealth and warned that Europe needs to act quickly to avoid falling behind countries like the U.S.
This idea is similar to ongoing discussions in the U.S., where Senator Cynthia Lummis has proposed a bill to allow the Treasury to buy 5% of Bitcoin’s total supply. While experts, like Jeff Park from Bitwise Invest, think this plan has only a small chance of succeeding, it shows how Bitcoin is being viewed as a valuable asset.
Germany’s Bitcoin History
Earlier this year, Germany sold nearly 50,000 Bitcoins seized by Saxony’s public prosecutor’s office. Valued at around $53,000 per coin at the time, the sale resulted in a significant loss compared to today’s price of over $107,000, costing Saxony an estimated $2.7 billion.
Bitcoin’s Market Outlook
As of now, Bitcoin is trading at $93,370, a decline from its all-time high of $108,000 on December 17, 2024. Analysts predict a possible correction in the near term, with Bitcoin hovering between $92,000 and $97,000.
Meanwhile, key indicators, such as the 20-day and 50-day exponential moving averages (EMAs), suggest that the market is consolidating after a historic bull rally.
With Lindner’s push for Bitcoin adoption and Germany’s evolving crypto narrative, the country could position itself as a leader in digital finance.
