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Germany’s Bitcoin Dilemma: Ex-Finance Minister Urges Chancellor for Change
In a recent statement, Christian Lindner, the former finance minister of Germany, has urged the current government to reconsider their stance on Bitcoin. This comes as a surprise, given that Germany’s approach to Bitcoin has faced scrutiny in the past.
It is worth noting that last summer, German authorities executed an emergency sale of 50,000 BTC through the public prosecutor’s office in Saxony. The proceeds could have been approximately €2.3 billion higher.
Lindner’s support for Bitcoin within his party, Free Democratic Party (FDP), has garnered backing from some colleagues. Frank Schäffler, a colleague from the FDP, praised Lindner’s stance on X, stating, “Christian Lindner speaks out in favor of Bitcoin in the Bundestag. Germany must recognize the opportunities and not leave it to the USA alone. Finally!”
This move by Lindner is seen as an attempt to regain political traction for his party ahead of upcoming federal elections. The comparison can be drawn with President-elect Trump’s successful pro-Bitcoin rhetoric.
However, not all reactions have been favorable. Furkan Yildirim, a well-known German crypto expert, expressed skepticism on X: “The man had almost 4 years as finance minister to have the necessary debates, and now that there’s a fire, he notices? Bitcoin doesn’t need politicians. Politicians need Bitcoin.”
At the time of writing, BTC traded at $106,965.
BTC in price discovery mode, 1-week chart | Source: BTCUSDT on TradingView.com
Source: bitcoinist.com
