Merkel Rival “Green Party” Gets 1 Million Bitcoin Donation In Chancellor Race

2022 will be a pivotal year for Europe’s biggest countries and their political races. If the Scottish national party wins a majority in next month’s elections, they will normally organize a referendum over independence from the UK, which should be held in 2022.

Over in France, President Emmanuel Macron faces stiff resistance from Marine Le Pen, who is widely expected to enter the second round of the Presidential Election again. Although opinion polling is tight, many expect Macron to win because the opposition against Le Pen will be grouping together to block her from entering the Elysée palace.

Angela Merkel retires

In Germany, we are witnessing the end of an era as Chancellor Angela Merkel is retiring at the end of this year. Although people believe that the CSU/CDU candidate, the little known Armin Laschet, will ultimately prevail and become the new German Chancellor as from 2022. The Green Party and their candidate Annalena Baerbock are riding high in the polls.

This is important, because Bitcoin has been in the crosshairs of the Green Party. Weirdly enough, they have now received a 1 million euro donation in crypto as well.

In their manifesto, the German Green party clearly targets Bitcoin, stating:

Central banks should create their own standards for digital currencies. This requires European regulation for their development, which establishes legal certainty for consumers. An undermining of the money and currency monopoly through private currencies in the euro area may not be allowed. Digital payments, cryptocurrencies and the people behind the accounts must be traceable. A government infrastructure is needed to combat crimes such as money laundering, depictions of sexual violence against children, tax evasion and the financing of terrorist activities.

Weirdly enough, it might just become so that Bitcoin and it’s stellar track record of 2021 will be what is helping Ms Baerbock to pay for some more political posters.

In the past week, a German software developer named Moritz Schmidt (who felt guilty about Bitcoin’s carbon footprint) donated 1 million Euro to the German Green party to help them in their election.

The donor has made it clear to us that he sees these profits as undeserved wealth that he does not claim for himself, but wants to use socially, for something that corresponds to his convictions.

In the meantime he sees the Bitcoin system critically, among other things against the background that the necessary arithmetic operations consume huge amounts of electricity.

Admitted the Green party.

For some reason, the Green party did accept the donation though.

We wonder whether Ms Baerbock’s opinion on Bitcoin will change knowing how popular crypto is with German youth.