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Samson Mow suggests Germany invest in Bitcoin as strategic safety net

CEO of Blockchain Firm Advocates for Bitcoin Inclusion in Germany's National Reserve Strategy at Bundestag Appearance

Mark Valerius by Mark Valerius
October 18, 2024
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Key Points

  • Samson Mow, CEO of Jan3, encourages Germany to incorporate Bitcoin into its national strategic reserves.
  • Mow is a significant figure in the Bitcoin community and advocates for Bitcoin’s adoption as a reserve asset by nations.

Samson Mow, the head of Jan3, a Bitcoin technology company, has publicly called for Germany to include Bitcoin in its national strategic reserves. He voiced his opinion during a recent visit to the German Bundestag, where he discussed Bitcoin strategies for nations.

Mow expressed his hope that Germany would acquire 281,267 Bitcoin (BTC) for its strategic reserve. His statement was made on a public platform, where he said, “I hope that Germany is successful in acquiring 281,267 BTC for its future strategic reserves.”

Exploring Bitcoin’s Potential

The initiative reportedly brought together parliamentarians and Bitcoin enthusiasts to discuss Bitcoin’s potential as a financial tool for Germany. In the United States, rumors were circulating this summer about whether President Donald Trump would announce the establishment of a U.S. Bitcoin strategic reserve at the Bitcoin 2024 conference.

Samson Mow and Bitcoin Advocacy

Samson Mow is a well-known figure in the Bitcoin community, recognized for his work as the CEO of Jan3, a firm dedicated to promoting Bitcoin adoption worldwide. Before his tenure at Jan3, Mow served as an advisor to El Salvador, the first nation to recognize Bitcoin as legal tender in 2021. He played a key role in shaping the country’s Bitcoin strategy, which involved using Bitcoin as a national reserve to stabilize and grow the economy.

Mow promotes the idea of nations adopting Bitcoin as a reserve asset, similar to gold. He suggests that countries can diversify their financial systems by holding Bitcoin and reducing dependence on traditional currencies.

Tags: Bitcoin (BTC)

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