Emre Yumlu 
Germany’s opposition party, Alternative für Deutschland (AfD), has introduced a proposal to establish a national strategic Bitcoin reserve, following a similar initiative recently put forward in France. The motion marks another step in Europe’s growing conversation about Bitcoin’s potential role in the global financial system.
AfD Pushes for a Strategic Bitcoin Reserve
On October 29, AfD submitted a motion to the Bundestag calling for the creation of a Bitcoin reserve to protect Germany against inflation and currency volatility. As the largest economy in Europe, Germany’s participation in such a policy could represent a major milestone for Bitcoin adoption on the continent.
Following the announcement, many users on social media welcomed the move, suggesting it showed Germany’s increasing recognition of Bitcoin as a legitimate and valuable asset. Others, however, criticized the government’s past decision to sell off its BTC holdings at relatively low prices.
Previous Bitcoin Sales Sparked Backlash
AfD’s proposal comes after the German government sold around 50,000 BTC in June 2024, which had been previously seized in criminal cases. At the time, Bitcoin was trading at approximately $57,900. Based on current prices, the sale potentially cost the government an additional $5.6 billion in unrealized gains.
As one social media user commented, “When politicians start discussing Bitcoin reserves, it’s clear that the era of ‘magic internet money’ is over.”
AfD Opposes the Digital Euro
The party’s motion, titled “Recognizing the Strategic Potential of Bitcoin – Preserving Freedom through Restraint in Taxation and Regulation”, argues that Bitcoin should be treated differently from other crypto assets. AfD proposes a tax exemption for BTC held longer than 12 months and calls for resistance to the European Union’s tightening regulatory stance on crypto wallets and services.
Additionally, AfD describes Bitcoin as “stateless money”, firmly opposing the creation of the European Central Bank’s digital euro project.
A New Bitcoin Reserve Race in Europe?
Germany’s proposal follows closely on the heels of a similar initiative by France’s UDR party, which aims to accumulate 2% of the total Bitcoin supply—about 420,000 BTC—over the next decade. Meanwhile, in Switzerland, parliament member Samuel Kullmann has launched a campaign to amend the constitution, pushing the Swiss National Bank to hold Bitcoin on its balance sheet.
According to Bitcoin Treasuries data, the only European nations currently holding BTC are the United Kingdom and Finland. Germany and Bulgaria have no official Bitcoin reserves.
If AfD’s proposal gains traction, Germany could become not only the first major European economy but also one of the largest global powers to formally adopt Bitcoin as part of its strategic reserves.
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