Samson Mu, founder of Bitcoin-focused company JAN3, recently gave a speech to the German Bundestag in an attempt to pressure the country to adopt Bitcoin, thus pushing for a “hyper-Bitcoin” soon so that it can live in a future where Bitcoin becomes the currency of every global citizen. choice.
Grassroots efforts are accelerating, but the founder warns that only nationwide adoption will deliver the fiat-free world many want to see. So far, El Salvador remains the only country that legalizes this Bitcoin As a legal form of currency, it is an ongoing topic of a country refusing to recognize it which leads to it being the largest opposition in the space.
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Samson Mo speaks in the German Bundestag and tells MPs about him #Bitcoin Accreditation to nation states.
LFG! 🔥 pic.twitter.com/XYFRNBoLXM
— Bitcoin Archive (@BTC_Archive) October 18, 2024
Three step strategy
Mo proposed a three-step plan for the adoption of Bitcoin by countries, starting with placing Bitcoin on national treasuries, issuing Bitcoin-backed bonds, and declaring it a legal tender. This approach forms part of the diverse ranges of political will. His current focus on Germany represents the biggest move to push the debate into Europe, which has great economic power that could set a precedent for other countries to follow.
Mo’s attempt to adopt Bitcoin in Germany
Mao’s appearance before the Bundestag sparked news, especially from Joanna Kotard, a member of parliament who last November co-sponsored a bill to appoint Bitcoin as legal tender. There are very few reports on the details that Mo may have discussed.
However, according to reports, the topics were “Opportunities for Nation-State Adoption of Bitcoin.” If Germany takes any decisive steps to adopt it, this measure will reignite further conversations about the place of digital assets in the modern economy, especially within the European Union.
Dear Samson, Thank you very much for being here at the German Bundestag. Great talk and great discussion afterwards! 🧡 And I hope my future colleagues will listen to you: You are not selling what you have #Bitcoin!
Dear Samson, Thank you so much for appearing here in… pic.twitter.com/t84L5d4b9M
– Joana Cotar (@JoanaCotar) October 18, 2024
Global push and ongoing challenges
For countries outside Europe, Mao met with several lawmakers around the world, including Japanese Financial Services Minister Junichi Kanda and Colombian President Gustavo Petro. Its efforts around the world are geared toward encouraging nationwide recognition, making Bitcoin a practical economic policy. For example, after his visit, the Colombian government created working groups on blockchain technology.
However, there is still a way to go “Hyper Bitcoin” Not that easy. El Salvador’s accreditation has received international scrutiny, and to date, no follow-up has been pursued in other countries. Although Mo is conquering time and space by spreading awareness and discussing Bitcoin’s potential at the highest level, a lot of resistance still exists.
Mao’s continued pressure, such as his speech to the Bundestag, is evidence of the country’s persistent efforts to officially recognize Bitcoin. More and more countries will venture into this possibility to embrace the nation-state, bringing the dream of turning Bitcoin into a digital currency closer, even in the face of obstacles.
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