Samson Mow, the CEO of Bitcoin technology company Jan3, is urging Germany to add Bitcoin to its national strategic reserves. In a speech delivered at the German Bundestag, Mow discussed how Bitcoin could be a vital financial tool for the country’s future. He suggested that Germany should acquire 281,267 BTC to diversify its reserves and safeguard its economy.

Mow took to social media to express his support, posting: “I hope that Germany is successful in acquiring 281,267 BTC for its future strategic reserves.” His comments come at a time when nation-states are increasingly exploring cryptocurrencies as part of their financial systems.

This idea follows speculation earlier this year that Donald Trump might announce a similar U.S. Bitcoin reserve at the upcoming Bitcoin 2024 conference. As the geopolitical landscape evolves, more countries are evaluating Bitcoin’s role as an asset in national reserves, akin to gold.

Why Bitcoin as a National Reserve?

Samson Mow has been a strong advocate for Bitcoin adoption at the national level. Before leading Jan3, Mow was an advisor to El Salvador, the first country to adopt Bitcoin as legal tender. His experience in helping El Salvador use Bitcoin as a national reserve to stabilize and grow its economy has fueled his belief that other nations, including Germany, could benefit from similar strategies.

Mow argues that holding Bitcoin can help countries diversify their reserves, reducing their reliance on traditional fiat currencies and central banking systems. Bitcoin’s decentralized nature makes it an appealing option for countries looking for financial independence and stability.

Germany is not alone in considering the benefits of holding Bitcoin in its strategic reserves. Countries like El Salvador have already taken the plunge, and speculation continues to grow about whether other major nations, including the U.S., will follow suit. The potential for Germany to add Bitcoin to its reserves could mark a pivotal moment for Bitcoin’s acceptance as a legitimate asset in global finance.

Conclusion

While Germany has not yet taken any formal steps to add Bitcoin to its strategic reserves, the idea is gaining traction thanks to advocates like Samson Mow. His vision for a future where nation-states hold Bitcoin alongside gold and other traditional assets is ambitious, but it reflects the growing importance of cryptocurrency in the global economy.

As discussions continue, Germany’s decision on whether to acquire Bitcoin for its national reserves could set a precedent for other countries considering similar moves.