AfD Embraces Bitcoin: Strategic Masterstroke or Political Gambit?

02.12.2024 40 times read 0 Comments Read out

AfD's Bitcoin Strategy: Political Move or Mere Calculus?

The inclusion of Bitcoin in the Alternative for Germany (AfD) party's election program has sparked a debate about their strategic intentions. According to Coin Kurier, this move could be an attempt to attract new voter groups and position themselves as pioneers in cryptocurrency adoption. The call for deregulation within the program suggests a market liberalization approach that aligns with AfD’s principles of deregulation and self-responsibility. However, this stance is not without controversy; Joana Cotar, a former AfD politician, criticized it by pointing out past rejections of similar proposals.

Ethereum ETFs Surpass Bitcoin in Capital Inflows

A recent development in the ETF market has stirred excitement within the crypto community: Spot-Ethereum ETFs have surpassed their Bitcoin counterparts regarding capital inflows for the first time ever. As reported by Coin Kurier, on November 29th alone, Ethereum ETFs attracted $332.9 million compared to lower investments in Bitcoin ETFs at around $320 million. This shift might indicate growing institutional interest in Ethereum due to its infrastructure capabilities beyond being just another digital currency.

This trend highlights how Ethereum is increasingly seen as more than just "second place" behind Bitcoin but rather an independent player with significant value potential within its ecosystem—particularly appealing given BlackRock and Fidelity’s substantial contributions toward these funds, as recently noted across various reports including Newsbit, which emphasized record-high open interests indicating speculative activities surrounding Ether derivatives markets today!

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Article Summary

The AfD's inclusion of Bitcoin in their election program is seen as a strategic move to attract new voters and align with deregulation principles, though it faces criticism. Meanwhile, Ethereum ETFs have surpassed Bitcoin in capital inflows for the first time, indicating growing institutional interest due to its broader infrastructure capabilities.