In a bold appeal to the German government, Joana Cotar, a prominent lawmaker and Bitcoin supporter, has called for a halt to the country's accelerated Bitcoin sales, and proposed that the digital asset be adopted as a strategic reserve currency.

Cotar's application, made on July 4, emphasized Bitcoin's potential to diversify German bond holdings, hedge against inflation and currency devaluation, and encourage technological innovation.

Cotar's letter to government officials highlights his concerns about the current approach, and describes further Bitcoin liquidations as unwise and counterproductive. He invited four fellow politicians to a “Bitcoin Strategy for Nation States” conference scheduled for October, which aims to educate and potentially change the country's view towards Bitcoin more positively.

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