The Greens receive 1 million euros from Bitcoin profits


An IT specialist from Greifswald donated 1 million euros to the Greens. The money comes from Bitcoin profits.

The super election year 2021 is running. And although in some federal states citizens have already been asked to the ballot boxes, the most important question will not be able to be answered until September: Who will govern the Federal Republic in the next four years? The CDU is still suffering from the after-effects of the vaccine breakdown and the mask affair, while the Greens have been able to gain more and more in recent months. According to a recent Forsa survey the party is only four percentage points behind the Union with 23 percent.

Alliance 90 is now receiving support from the crypto scene. Like from the Donation register of the Bundestag, the Greens received a record donation of 1 million euros. The financier is a programmer from Greifswald. Compared to the dpa a party spokeswoman said the funds came from Bitcoin profits. With the donations, the donor wants to set an example for a change in policy towards more climate and environmental protection.

The donor had told the party that he saw the profits as “undeserved wealth” and would rather use them socially for something that was more in line with his convictions. In the meantime, the IT specialist is critical of Bitcoin due to the high power consumption during the mining process.

Greens election platform is crypto-critical

The donor is thus purified. From an environmental point of view, the donation is of course understandable. In the election manifesto of the Greens there is talk of “green financial markets”, according to which the federal government should postpone investments in fossil fuels. A “sustainability rating” is also to be introduced for all possible investments.

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In addition, the environmental party also takes a critical view of cryptocurrencies. In the election manifesto it says:

We strictly reject the erosion of the monetary and currency monopoly by private currencies. With all digital payments
and cryptocurrencies, the actual beneficial owners must be determined from a certain threshold, analogous to the regulations for cash.

Election program 2021, Alliance 90 / The Greens.

Rather, the party advocates a digital euro. The introduction of the E-Euro guarantees data and legal security for consumers and companies. Compared to BTC-ECHO, Green Member of the Bundestag Dr. Danyal Bayaz:

We demand and support the development of a digital euro via the central banks. Companies from the real and financial economy can build their products and apps on this monetary infrastructure. The monopoly of money and currency should continue to lie with the state.

Dr. Danyal Bayaz, Alliance 90 / The Greens.

The election program means disadvantages not only for crypto enthusiasts, but also for investors in conventional assets such as stocks or bonds. The Greens’ document says:

We will make speculation and short-term orientation unattractive, among other things through a European financial transaction tax with a broad assessment basis.

Election program 2021, Alliance 90 / The Greens.

According to the election platform, the “financial transaction tax” should primarily apply to speculators and not affect long-term savers, but it does not rule out that such a step could make stocks, bonds and derivatives unattractive for small investors. You can find out how the other parties in the Bundestag stand on the subject of cryptocurrencies and blockchain in our current issue of Cryptocompass read up.

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