Last updated on January 6th, 2025 at 01:17 pm
Former German finance minister Christian Lindner has urged the European Central Bank (ECB) and the German central bank, Bundesbank, to consider including Bitcoin in their reserves.
In an interview with the German Press Agency in Berlin, Lindner described the new Trump administration’s stance on cryptocurrencies as “an extremely progressive policy” and emphasized that the US aims to establish itself as a leading crypto hub. He also mentioned that discussions in Washington include the possibility of the American central bank adding crypto assets to its reserves alongside traditional currencies and gold.
Lindner, leader of Germany’s Free Democratic Party, highlighted the importance of Europe maintaining independence in the cryptocurrency sector and not relying solely on the US. He pointed out that both the ECB and the Bundesbank are autonomous in their decision-making processes. However, Lindner stressed that Germany and Europe must not fall behind again. He urged both institutions to consider whether cryptocurrencies like Bitcoin should be included in their reserves.
Lindner argued that crypto assets now represent a substantial portion of global wealth growth, suggesting that incorporating them into reserves could enhance resilience. He acknowledged the risks posed by the volatility of cryptocurrencies, emphasizing that price fluctuations are well-known, and no one would prudently invest solely in them. However, he pointed out that, as a decentralized system, political risks in crypto are calculable, and noted that even traditional assets like precious metals experience fluctuations.
This news aligns with the broader trend of Bitcoin reserves gaining traction among policymakers. Polish presidential candidate Sławomir Mentzen pledged to establish a strategic Bitcoin reserve as part of his financial policy if elected in 2025. On November 17, Mentzen reaffirmed his stance after Lech Wilczynski, CEO of Swap.ly, urged him to adopt the “Strategic Bitcoin Reserve” policy created by the Satoshi Action Fund. The fund’s president, Dennis Porter, announced the open-sourcing of the policy, with Wilczynski emphasizing its urgency over other crypto regulations.
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