German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation.
German lawmaker and Bitcoin activist Joana Cotar has urged the government to stop its “hasty” Bitcoin (BTC) selling spree and instead adopt it as a “strategic reserve currency” to shield against risks in the traditional system.
“[I] urge you to refrain from a hasty disposal of state-owned Bitcoin,” the Bitcoin-friendly politician wrote to members of Germany’s government on July 4.
Cotar said Bitcoin could help Germany diversify its treasury assets, serve as a hedge against inflation and currency devaluation and promote innovation in the country.