The post Samson Mow Urges German Lawmakers To Embrace Bitcoin appeared on BitcoinEthereumNews.com.

Samson Mow, founder of Bitcoin-focused company JAN3, recently addressed the German Bundestag in an effort to push for the state to adopt Bitcoin, thus pushing for “hyperbitcoinization” sooner to be able to live in a future where Bitcoin becomes every global citizen’s currency of choice. Grassroots efforts pick up pace, but the founder cautions that it is only the existence of state-level adoption that will deliver the fiat-free world that many desire to see. To date, El Salvador remains the only country to legalize Bitcoin as a legal form of currency, an ongoing theme of a state refusing recognition leading to it being the space’s biggest opposition. JUST IN: 🇩🇪 Samson Mow speaks at the German Bundestag telling MPs about #Bitcoin adoption for nation states. LFG! 🔥 pic.twitter.com/XYFRNBoLXM — Bitcoin Archive (@BTC_Archive) October 18, 2024 The 3-Step Strategy Mow suggested a three-step plan for the adoption of Bitcoin by countries, starting with putting Bitcoin in national treasuries, issuing Bitcoin-backed bonds, and declaring it as legal tender. Such an approach is part of the varied extents of political will. His current emphasis on Germany marks the biggest step that has pushed the discussion to Europe, which carries significant economic might that could act as a precedent for other nations to do the same. Bitcoin is now trading at $68,393. Chart: TradingView Mow’s Attempt In Bitcoin Adoption In Germany Mow’s appearance before the Bundestag made news, more especially from Joana Cotar, a Member of Parliament who last November cosponsored a bill to set Bitcoin as legal tender. There are very few reports on details Mow might have discussed. However, according to reports, the topics were the “chances of Bitcoin nation-state adoption.” If Germany makes any decisive moves to adopt it, then action would re-ignite further conversation about the place of digital assets…

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Filed under: News - @ October 20, 2024 8:05 am