Politicians in Germany and Hong Kong have shown their interest in adopting strategic bitcoin reserves for their nations.
Spot Bitcoin exchange-traded fund (ETF) issuer Franklin Templeton expects more nations to adopt strategic bitcoin reserves in 2025, according to the digital asset firm’s outlook.
On December 30, the ETF issuer released a list of predictions for the next year, including its expectation that “several nations” will adopt Bitcoin reserves. Franklin Templeton said bitcoin will cement its position as a global asset that acts as a digital store of value. The ETF issuer said this will be accelerated by institutional and government adoption.
While the ETF issuer did not provide specifics on which countries might adopt bitcoin reserves, Franklin Templeton expects a “move from speculation to utility” in 2025. The firm said the cryptocurrency’s underlying technologies will become an integral part of global financial systems next year.
On December 30, Wu Jiexhuang, a member of Hong Kong’s Legislative Council, proposed adding bitcoin to its national reserves for financial stability. Jiexhuang pointed to smaller nations like El Salvador and Bhutan, which have already adopted Bitcoin reserves, as examples for Hong Kong to follow.
Jiexhuang also noted the market impact of the January approval of spot Bitcoin ETFs by the United States, which boosted institutional acceptance. He also said that US President-elect Donald Trump’s proposal to make Bitcoin a strategic reserve asset could affect traditional markets, SEEbiz reports.
Bitcoin advocates, like Strike CEO Jack Mallers, say Trump could issue an executive order designating Bitcoin as a U.S. reserve asset.
Similarly, in Germany, the Free Democratic Party (FDP) has expressed its willingness to adopt bitcoin as a reserve asset.
The FDP’s platform for the 2025 elections supports the use of distributed ledger technology and suggests that the European Central Bank and the German Bundesbank consider Bitcoin as a means of strengthening the resilience of the European monetary system.
Christian Lindner, former German finance minister and leader of the FDP, criticized the German government for missing out on crypto opportunities and innovation.
Lindner said he hasn’t heard any discussion about crypto-friendly policies being implemented in the US and how Germany could also get the benefits that Bitcoin could bring. The former finance minister described it as a “failure”, pointing out that they are missing that opportunity.
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