Germany should buy Bitcoin as a strategic reserve: Samson Mow

Samson Mow, CEO of the Bitcoin technology company Jan3, has publicly urged Germany to adopt Bitcoin as part of its national strategic reserves.

During a recent appearance at the German Bundestag, Mow shared his vision for Bitcoin strategies in nation-states, advocating for Germany to acquire 281,267 BTC for its strategic reserves.

“I hope that Germany successfully acquires 281,267 BTC for its future strategic reserves,” Mow shared on X.

The initiative reportedly sparked a discussion between Members of Parliament and Bitcoin advocates, exploring the potential of Bitcoin as a financial asset 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 well-known figure in the Bitcoin community, recognized for his leadership as CEO of Jan3, a company dedicated to promoting global Bitcoin adoption.

Prior to his role at Jan3, Mow served as an advisor to El Salvador, the first nation to embrace Bitcoin as legal tender in 2021. In this capacity, he played a key role in shaping the country’s Bitcoin strategy, which included using Bitcoin as a national reserve asset to help stabilize and grow the economy.

Mow is a strong proponent of nations adopting Bitcoin as a reserve asset, similar to gold. He believes that by holding Bitcoin, countries can diversify their financial systems and reduce dependence on traditional fiat currencies.