SynBiotic SE, a German company listed on the Düsseldorf Stock Exchange, has just announced it has become the first public company in Germany to start converting part of its free liquidity into BTC. SynBiotic has reported through an official announcement:
"Given the excessive increase in money supply in both the euro and USD zones, there is legitimate concern about a massive devaluation of fiat money."
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SynBiotic CEO Lars Müller pointed out Bitcoin is the opposite of traditional currencies, as its issuance is limited to 21 million coins. He also highlighted the decentralization of the crypto and the security of the blockchain against unauthorized access. Müller said:
"For this reason, we have more long-term confidence in bitcoin than in euros or dollars, where a central institution, influenced by politicians, can expand the money supply immeasurably."
Müller noted the company operates in the cannabis and cannabis-based products sector, and in this area there are "very positive experiences with Bitcoin as a simple and digital means of payment. Several SynBiotic subsidiaries already accept payments in Bitcoin in addition to payments in euros," Müller said.
MicroStrategy and Tesla have both recently announced they have made investments in the leading crypto.
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