
- German MP Joana Cotar has called for a clear Bitcoin strategy.
- The politician first called out the governmentโs โsenselessโ Bitcoin sales on July 4.
- Recent actions by the government indicate a potential shift in strategy.
Member of the German Bundestag Joana Cotar has continued to criticize the governmentโs decision to sell confiscated Bitcoin worth hundreds of millions.
Cotarโs latest criticism comes after the politician slammed the governmentโs move on July 4 as โsenselessโ and โcounterproductive.โ She advised the government to hold Bitcoin as a strategic currency reserve instead of selling it on a large scale.
Cotar Reiterates Bitcoin Sell-Off Concerns
The outspoken politician told Forbes on July 7 that it was hard to determine whether the German government โwas or is awareโ of the consequences of its recent massive Bitcoin sales.
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โI can only speculate as to why the government is selling right now. As we have massive budget shortfalls in Germany at the moment, that could be one of the reasons. The upcoming elections may also play a role,โ Cotar said.
Stressing missed opportunities, Cotar criticized the government once again and reiterated calls for a clear Bitcoin strategy, which includes designating the crypto asset as the treasuryโs strategic reserve currency.
โI fear that the government has no strategy at all regarding how it wants to deal with bitcoin. That's why I called for such a strategy in my letter to the government.โ Cotar added.
While the German government has yet to address the matter officially, Cotarโs recent criticism could have already started paying off, with the latest government actions indicating a potential policy shift.
Per the report, the government recently bought back 1,915 BTC ($111.5 million) following massive sales that amounted to over $390 million in less than a month.
Read this article to learn more about the Bitcoin โbull runโ:
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