Samson Mow, the founder of a Bitcoin-focused company, JAN3, recently spoke to the German Bundestag in an effort to force the state to accept Bitcoin, thereby pushing for a rapid “hyperbitcoinization” to survive in a future where Bitcoin becomes the currency of the global citizen. of choice.
Grassroots efforts are gaining momentum, but the founder warns that the mere existence of government-level acquisitions will bring about the world without what many wish to see. To date, El Salvador remains the only country that has approved Bitcoin as an official currency, a continuing theme of the rejection of recognition that leads to the biggest opposition to the space.
JUST ENTER: 🇩🇪
Samson Mow speaks in the German Bundestag telling the members of Parliament #Bitcoin acceptance of nations.
LFG! 🔥 pic.twitter.com/XYFRNBoLXM
– Bitcoin Archive (@BTC_Archive) October 18, 2024
3 step strategy
Mow proposed a three-step strategy for international acceptance of Bitcoin, starting with adding Bitcoin to the national treasury, issuing Bitcoin-backed bonds, and declaring it as legal tender. Such an approach is part of the various stages of political will. His insistence on Germany now marks the biggest step forward in the conversation in Europe, which holds a major economic power that could set an example for other countries to do the same.
Mow’s Attempt at Finding Bitcoin in Germany
Mow’s appearance before the Bundestag made news, especially from Joana Cotar, the Member of Parliament who last November shared a bill to set up Bitcoin as legal tender. There are very few reports on the details that Mow may have discussed.
However, according to reports, the topics were “the possibilities of the acquisition of the Bitcoin world.” If Germany makes any decisive moves to adopt it, the move could also spark further discussion about the place of digital goods in the modern economy, especially within the European Union.
Dear Samson, thank you very much for your appearance here in the German Bundestag. Great talk, great discussion afterwards! 🧡 And I hope my colleagues will listen to you in the future: “You don’t sell yours #Bitcoin!
Lieber Samson, Dank married Auftritt instead of her… pic.twitter.com/t84L5d4b9M
– Joana Cotar (@JoanaCotar) October 18, 2024
Global Push and Ongoing Challenges
Outside of Europe, Mow met with many legislators around the world, including Japanese Finance Minister Junichi Kanda and Colombian President Gustavo Petro. His efforts around the world are aimed at promoting recognition at the government level, making Bitcoin a feasible economic policy. For example, after his visit, the Colombian government set up working groups on blockchain.
Even so, however, the road to “hyperbitcoinization” is not so easy. The adoption by El Salvador has received international scrutiny and as of now, no follow-up has been seen in other countries. Although Mow overcomes time and space by spreading awareness and discussing the power of Bitcoin at the highest level, there is still a lot of resistance.
Mow’s relentless lobbying, like his speech in the Bundestag, is a testament to the relentless effort to get the state to legalize Bitcoin. Many countries will enter into this possible acquisition of the nation state, making the dream of hyperbitcoinization closer, even among obstacles.
Featured image from Pexels, chart from TradingView