Samson Mow Calls on Germany to Adopt Bitcoin as Legal Tender

Samson Mow, the founder of Bitcoin-centric firm JAN3, recently spoke before the German Bundestag, advocating for the state to embrace Bitcoin. His aim is to accelerate the process of “hyperbitcoinization,” aspiring for a future where Bitcoin is universally accepted as the currency of choice for every global citizen.

While grassroots initiatives are gaining traction, Mow emphasizes that true fiat-free existence relies on state-level acceptance. So far, El Salvador stands out as the sole nation to recognize Bitcoin as an official currency, spotlighting the ongoing challenge of state non-recognition that continues to pose the biggest hurdle in this sector.

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Samson Mow addresses MPs at the German Bundestag about #Bitcoin adoption by nation states.

LFG! pic.twitter.com/XYFRNBoLXM

— Bitcoin Archive (@BTC_Archive) October 18, 2024

A 3-Step Approach

Mow outlined a three-phase strategy for countries to adopt Bitcoin, beginning with incorporating Bitcoin into national treasuries, issuing Bitcoin-backed bonds, and officially recognizing it as legal tender. This strategy reflects various levels of political commitment. His current focus on Germany represents a significant milestone, potentially guiding other nations toward embracing similar discussions, given Germany’s considerable economic influence.

Mow’s Initiative for Bitcoin Adoption in Germany

Mow’s participation in the Bundestag generated significant attention, particularly from Joana Cotar, a Member of Parliament who, last November, co-sponsored a bill to establish Bitcoin as legal tender. Details of Mow’s discussions remain scarce.

However, it is reported that he addressed the “potential for Bitcoin adoption by nation-states.” Should Germany take definitive steps towards adoption, it would spark renewed discussions on the role of digital assets in the modern economy, particularly within the European Union.

Dear Samson, thank you very much for your appearance here in the German Bundestag. Great talk, great discussion afterwards! I hope my colleagues listen to you in the future: You don’t sell your #Bitcoin!

Lieber Samson, herzlichen Dank für deinen Auftritt hier im… pic.twitter.com/t84L5d4b9M

— Joana Cotar (@JoanaCotar) October 18, 2024

Global Advocacy and Persisting Challenges

Beyond Europe, Mow has engaged with numerous legislators globally, including Japan’s Financial Services Minister Junichi Kanda and the President of Colombia, Gustavo Petro. His worldwide endeavors focus on promoting state-level acceptance, aiming to make Bitcoin a viable economic policy. Notably, following his visit, Colombian authorities established working groups dedicated to blockchain initiatives.

Nevertheless, the journey to “hyperbitcoinization” faces challenges. El Salvador’s adoption has faced significant international scrutiny, and other countries have yet to follow suit. While Mow continues to champion Bitcoin’s potential on the global stage, substantial resistance persists.

Mow’s unwavering advocacy, exemplified by his address to the Bundestag, underscores his commitment to obtaining state recognition for Bitcoin. Increasingly, nations may explore the prospect of adoption, bringing the vision of hyperbitcoinization closer, despite existing hurdles.

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