⚡ Open Letter Urges Dutch Government to Establish Bitcoin Reserve
posted 8 hr ago
Bram Kanstein, a Bitcoiner and founder of the Bitcoin financial services provider Onramp, has urged the Dutch government to establish a national Bitcoin reserve.
In an open letter to the Dutch Minister of Finance, government, and De Nederlandsche Bank board of directors, Kanstein proposed to use a portion of the countryâs gold reserves or issue new government bonds to acquire Bitcoin.
According to Kanstein, creating a Bitcoin reserve is an urgent and strategically important issue for the Netherlands, making it a leader in the digital economic future.
On the other hand, Bitcoinâs supply is limited, it is secured decentrally and is not issued by any single country, which makes the coin immune to political manipulation.
Kanstein also noted the global momentum for Bitcoin as a strategic asset, citing US Federal Reserve Chairman Jerome Powell saying Bitcoin is a competitor to gold, and Senator Cynthia Lummisâs proposal to sell gold reserves to create a Bitcoin reserve of one million Bitcoin. The bitcoiner believes that the Netherlands can avoid falling behind if it acts early and strategically.
Establishing a national Bitcoin reserve can strengthen the Netherlands' financial stability and sovereignty in an era of future economic and monetary uncertainty,he says in the letter.
Referring to the need for hard and stable money, Kanstein says the current fiat monetary system has reached its limits and is likely to cause further disruption as it is characterized by unrestrained money creation, high inflation, and growing debt.
On the other hand, Bitcoinâs supply is limited, it is secured decentrally and is not issued by any single country, which makes the coin immune to political manipulation.
Kanstein also noted the global momentum for Bitcoin as a strategic asset, citing US Federal Reserve Chairman Jerome Powell saying Bitcoin is a competitor to gold, and Senator Cynthia Lummisâs proposal to sell gold reserves to create a Bitcoin reserve of one million Bitcoin. The bitcoiner believes that the Netherlands can avoid falling behind if it acts early and strategically.
Similar proposals have been made by other experts and politicians. Earlier this week, EU Member Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while speaking against the digital Euro.
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