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Around the world, bitcoin (BTC) becoming a reserve asset is gaining momentum, Germany’s top financial leader argues. Free Democratic Party (FDP) leader Christian Lindner called on central banks to include Bitcoin in their reserves. The development coincides with ongoing talks in the US to include cryptocurrencies in the country’s federal financial systems, fueling Bitcoin news.
Bitcoin News: Germany Advocates BTC as Future Reserve Asset
Bitcoin news of political support for the adoption of BTC as a reserve is growing in Germany, Europe’s largest economy. According to Lindner, the European Central Bank (ECB) and the Bundesbank should use Bitcoin in their financial policies. At the same time, he stressed that the EU risks losing the race to adopt digital assets from the US.
Under the incoming Trump administration, Lindner noted that the US is becoming proactive about cryptocurrencies. He added that Europe will have to apply the same strategies in order to remain competitive at the global level. Bitcoin in official reserves is the vision reflected in this latest FDP manifesto.
The German FDP advocates a balanced adoption of the digital currency
The FDP’s manifesto for cryptocurrencies and blockchain technology has been strongly supported by the German financial system. He promotes the development of cryptocurrency ETFs and proposes adding Bitcoin to the reserves of the ECB and the Bundesbank. The party said these measures would strengthen the resilience of the European monetary system.
Manifesto also encourages users to hold cash with digital payment types. He wants a secure digital euro that offers privacy and works both online and offline. In these changing times, FDP strives to achieve a harmonious balance between new opportunities in innovation and the right level of financial stability.
The US is pushing Bitcoin as a strategic reserve asset
On the other side of the Atlantic, the US is moving forward with discussions about Bitcoin as a strategic reserve asset. The idea has received strong support from President-elect Donald Trump, who aims to increase the strength of America’s crypto position. The president has vowed to focus on Bitcoin to outpace other digital asset countries like China.
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Seizures carried out by the police hold some bitcoins for the US government. However, it remains unclear whether they will be included in the official reserve. However, Federal Reserve Chairman Jerome Powell said any decision would ultimately rest with Congress.
If Bitcoin becomes a reserve asset, its market value and institutional legitimacy could suffer a significant shake-up. According to analysts, this boost could help the price of Bitcoin surpass $150,000, with a forecasted rise of $400,000. However, growing support from governments and businesses around the world is giving the opportunity momentum.
But the debate is ongoing, and the presence of Bitcoin in central bank reserves is a source of disagreement. Proponents say it could add diversity to financial investors’ portfolios, while opponents warn it could call into question the entire monetary system. This key development could affect the future of digital currencies in global finance.
