Is European Central Bank Threatened By Bitcoin? German And Swiss Parliament Members Weigh In

“I think that the European Central Bank (ECB) is just afraid of Bitcoin now,” said Joana Cotar, member of German Parliament.

“They said don’t invest in Bitcoin; it’s not worth it. And then they suddenly realized that Bitcoin is not going away. On the contrary, it’s getting more momentum. More people are looking into Bitcoin. More people are using it. Now it’s a topic in the election in the US,” said Cotar, while talking at the Plan B Conference in Lugano on 26 October 2024.

“Now they’re discussing it in the German parliament. They’re discussing it in Switzerland.”

While euro is down 99% against #Bitcoin , the European Central Bank says Bitcoin fair value is still zero?

The only asset in this world, that allowed you to outperform inflation and be a big winner is BTC only!

These ECB comments make even more bullish.. pic.twitter.com/qZwpO4jW3P

— Doctor Profit 🇨🇭 (@DrProfitCrypto) February 22, 2024

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Is ECB Trying To Divide People On Bitcoin? 

According to Cotar, once the ECB realised that Bitcoin is not going anywhere anymore, it tried to divide people. 

“ECB is triggering the poor who didn’t buy Bitcoin, saying, well, that’s not good. So we have wealth spread unevenly again in Germany, or in our countries. And they are trying to divide the people now. They are trying to hinder people to look into Bitcoin, they are trying to stir up unrest against those who bought Bitcoin early. I mean, how ridiculous! They don’t talk about gold that way.”

Parliament Members, Politicians Not Well Informed On Bitcoin

Cotar, a member of the German parliament for over seven years now has been in politics for over 11 years now. For the past two years now, she has been pushing the topic of Bitcoin forward in Parliament. 

“Talking to my colleagues, I realized they have no idea what Bitcoin really is They thought it is something terrorists use It’s killing the planet. How can we regulate it? Can we ban it? These are the discussions that are going on in the German Bundestag (lower house).” 

She made a speech against CBDCs or the digital Euro in the parliament, which got a lot of attention. She is working towards inviting experts to the parliament to explain what Bitcoin is really about.  

Reporting progress, Joana said, “Politics is a marathon. It’s not a sprint. So it will take a lot of time for Germany. But we have members of all parties represented in the German Bundestag listening to us, including members from the Ministry of Finance and Economy. 

“Maybe the next time they’re talking about Bitcoin, they’re not talking about how we can ban it, but how we can use it to the advantage of the people,” she insisted.

“Being in politics for such a long time, I realized that politicians and parties are rarely the solution for any problems,” Cotar added. “Most of the time, they’re part of the problem or they are the problem. So we need to step up and give the power back to the people. And Bitcoin is a tool of freedom. 

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“I see our freedom rights declining in all Western countries” Says Member Of German Parliament 

Talking about financial freedom, Cotar said, “I think during COVID times, a lot of people woke up and realized what governments are capable of. That they are capable of taking your basic rights away, your freedom rights away.”

“I see our freedom rights declining in all Western countries. It doesn’t depend on who I’m talking to. It’s people from the US or from France or the UK or Germany,” she added. “We’re all seeing our freedom rights taken away from us. But I think Bitcoin is a way to gain your sovereignty back and to fight against the government.”

Can Bitcoin Be Integrated Into Swiss Constitution?

Samuel Kullmann, member of Parliament, Canton Berne Switzerland, talkies about his experience with fiat money. He said, “I was born in Leeds, but I grew up in Mongolia. In 1991, as a child, I experienced the hyperinflation Mongolia had after the fall of communism and the switch to a market economy. So that’s sort of also my first experience with the fiat system.”

In 2017, Kullmann was elected to the Swiss parliament of Canton Bern. “Since 2021, I’ve been very vocal about being pro-Bitcoin as a politician. I started the parliamentary group Bitcoin. In March 2024, filed for political bills for a Bitcoin strategy in Canton, which will be debated in December of this year.”

“We want to do a common relationship in Switzerland through a direct democracy to actually bring Bitcoin into the Swiss constitution,” stated Kullman. “And why I believe it’s necessary to practically engage in politics is because I believe Bitcoin adoption is probably one of the most important geopolitical questions of the century.”

To conclude, what Bitcoin in politics means is that we understand that Bitcoin is a bottom-up strategy. It’s decentralization. So it doesn’t really need politics in a sense. But what Bitcoin understands is that in order for the goal of people to become more self-sovereign, to be financially included in the system, we need to reach our end goal of separation of money and the state. 

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