German policymakers exploring strategies to adopt Bitcoin, improve competitiveness in digital currency space

From Investing.com

January 10, 2025 2:00:34 pm:

German policymakers are exploring strategies to adopt Bitcoin (BTC) and enhance competitiveness in the digital currency space. Former finance minister Christian Lindner proposed issuing government bonds on the blockchain, holding Bitcoin as a reserve asset, and enabling Bitcoin ETFs in the EU.

Germany’s recent blockchain roundtable follows massive Bitcoin sales in July 2024, impacting the asset’s price. Currently trading at $94,888.47, analysts predict a price increase post-distribution phase. The country sold about 50,000 BTC seized from Movie2k piracy website operators, causing a drop from $70,000 to $56,000.

Read more at Investing.com: German Policymakers Working on New Bitcoin Adoption Strategy By U.Today