Germany should buy Bitcoin as a strategic reserve: Samson Mow

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

In a recent appearance at the German Bundestag, Mow discussed Bitcoin strategies for nation-states, expressing his belief that Germany should acquire 281,267 Bitcoin (BTC) for their strategic reserve. 

“I hope that Germany is successful in acquiring 281,267 BTC for its future strategic reserves,” Mow posted 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 in the United States, speculation was growing about whether Donald Trump will announce the creation of a U.S. Bitcoin strategic reserve at the Bitcoin 2024 conference. 

Samson Mow’s role in Bitcoin advocacy

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

Before his role at Jan3, Mow was an advisor to El Salvador, the first country to adopt Bitcoin as legal tender in 2021. In that capacity, he helped shape the country’s Bitcoin strategy, which included using Bitcoin as a national reserve to stabilize and grow the economy.

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