German liberals float idea of strategic Bitcoin reserve to rival United States

It was to be expected that some German political parties would float a Bitcoin idea (an idea being formulated to see if it resonates with voters) around this time of year, but it is still somewhat surprising to see it coming from Christian Lindner, head of the German Liberal Party and former German Minister of Finance. With his backing, is Germany set to become the first European country to copy the Trump plan?

Strategic Bitcoin reserve

Let’s jump back to early November. Following Donald Trump’s victory in the US presidential election, his supporters and crypto fans are rapidly pushing the price of Bitcoin higher as a Trump administration is expected to be a very positive environment for digital currencies.

In mid-December the rumor emerges that Donald Trump plans to sign an ‘executive order’ to purchase 1 million Bitcoins on the first day of his presidency already (aka on January 20, 2025). That purchase wouldn’t be carried out all at once of course, but spread over several years. This rumor pushed the price of Bitcoin to its all-time high of $107,000.

If the United States does indeed create a Bitcoin reserve, the value of such a stockpile will have to compete with their strategic oil and gold reserves. According to the US Constitution, Trump must however ensure that purchasing Bitcoin does not damage the value of the dollar.

February

In any case, the plan is very popular among young voters and crypto fans. Christian Lindner, head of the German Liberals and until recently Germany’s Finance Minister, has also taken note.

In an interview on Sunday, he stated that if the Liberals are part of the next German government, a strategic Bitcoin reserve for Germany would become a policy proposal.

Good Morning from Germany, where FDP leader @c_lindner has set his sights on crypto investors in his election campaign. He proposed allocating some of the Bundesbank’s and ECB’s currency reserves to #Bitcoin. Currently, the Bundesbank holds 3,352 tons of #Gold in reserve,… pic.twitter.com/5uAkUzA4pS

— Holger Zschaepitz (@Schuldensuehner) December 30, 2024

Germany (which was obliged by its own legislation to sell all its Bitcoins last year) is faced with snap elections on February 23, 2025. We already know that Bitcoin, just as in the United States, will be a talking point during the campaign.