The sale of bitcoins seized by the German Federal Criminal Police Office (BKA) is counterproductive. This was stated by member of the Bundestag Joana Cotard.
The legislator recalled the ongoing discussions in the United States on the interpretation of digital gold as a strategic reserve currency.
Cotard appealed to Saxony's Prime Minister Michael Kretschmer, Finance Minister Christian Lindner and Chancellor Olaf Scholz to rethink the position.
She invited officials to a lecture scheduled on October 17, “Bitcoin Strategies for Nation States.” One of the speakers at the event will be AN3 CEO Samson Moe.
The discussion will focus on the potential use of digital gold by states to strengthen the national economy. Moe is expected to talk about the possible benefits of holding the first cryptocurrency as part of national financial strategies.
The event will also touch upon the issue of Bitcoin-backed government bonds to attract a new class of investors. According to Moe, such instruments can become a stable source of financing for critical infrastructure projects, stimulating economic growth and innovation.
The expert draws parallels with El Salvador, which tested similar experiences in 2021, emphasizing the potential of such initiatives for economic transformation.
In recent weeks, German authorities have sold the first cryptocurrency for a total of $195 million through various exchanges, including Coinbase, Kraken and Bitstamp.
At the time of writing, BKA's Bitcoin address contains 41,774 BTC worth ~$2.28 billion.
Let us remember that Bloomberg named these steps as one of the reasons for the sharp fall of Bitcoin below the psychological support of $60,000.
