Germany’s Alternative for Germany (AfD) party, the second-largest opposition group in the Bundestag, has submitted a motion to establish a national Bitcoin reserve.
Key details of the AfD proposal
The AfD’s plan calls for the federal government to acquire and hold a significant amount of bitcoin—targeting around 2% of bitcoin’s total supply.
The party, which is known for its skepticism toward the euro, argues that bitcoin could serve as a modern financial safety net, similar to gold, particularly in the face of rising inflation and central bank interventions.
The finance ministry will be tasked with evaluating secure storage options and ensuring compliance with EU regulations.
Germany’s shift from selling to storing bitcoin
This motion arrives less than a year after Germany sold nearly 50,000 BTC seized from criminal cases, a sale now valued at over $6.5 billion with current market prices near $113,000.
That decision drew criticism within the bitcoin community, with many calling it a missed opportunity to bolster national reserves.
The AfD’s new initiative marks a reversal in approach, advocating for accumulation instead of liquidation.
European interest and potential impact
If adopted, Germany could become one of the first major economies to integrate bitcoin into its national reserves, possibly spurring similar moves from other European countries.
French lawmaker Éric Ciotti has recently discussed comparable plans, and analysts suggest that such actions may trigger a broader European race to acquire bitcoin as a sovereign asset.
Next steps and outlook
The finance ministry will now review details regarding custody and regulatory compliance. As more countries consider bitcoin for their reserves, Germany’s decision may prove influential on the continent. The AfD, in its public comments, declared:
“Countries are in FOMO.”
