Germany should buy Bitcoin as a strategic reserve: Samson Mow

Samson Mow, CEO of Bitcoin technology firm Jan3, has publicly advocated for Germany to adopt Bitcoin as part of its national strategic reserves.

In a recent speech to the German Bundestag, Mow discussed Bitcoin strategies for nation states and expressed his belief that Germany should acquire 281,267 Bitcoin (BTC) for its strategic reserves.

“I hope that Germany will manage to acquire 281,267 BTC for its future strategic reserves,” Mow said on X.

The initiative reportedly brought together Members of Parliament and Bitcoin supporters to explore Bitcoin’s potential as a financial tool for the country.

This summer, speculation was increasing in the US about whether Donald Trump would announce the creation of a US Bitcoin strategic reserve at the Bitcoin 2024 conference.

Samson Mow’s role in Bitcoin advocacy

Samson Mow is a leading figure in the Bitcoin community and is known for his work as CEO of Jan3, a company focused on advancing the adoption of Bitcoin worldwide.

Before his appointment on January 3, Mow was an advisor to El Salvador, which became the first country to adopt Bitcoin as legal tender in 2021. In this capacity, he helped shape the country’s Bitcoin strategy, which included using Bitcoin as a national reserve for stability and growth. economy.

Mow advocates for nation states to adopt Bitcoin as a reserve asset like gold. He believes countries can diversify their financial systems by holding Bitcoin and reducing dependence on traditional currencies.