Germany's AfD Election Surge Revives Pro-Bitcoin Agenda

Germany’s far‑right Alternative for Germany (AfD) secured 43.8% of the vote in the Saxony‑Anhalt state election, its strongest regional result to date. While the party fell short of an outright majority in the 83‑seat parliament, the outcome puts its pro‑Bitcoin platform back in the spotlight.

AfD’s Crypto‑Friendly Platform

The AfD positions itself as the most crypto‑friendly major party in Germany. Its national platform calls for extensive deregulation of Bitcoin, wallets and trading, arguing that regulators have been overly cautious. In October 2025 the party filed a Bundestag motion urging the government to recognize Bitcoin as a strategic asset that could be held in currency reserves during monetary instability.

Stance on Digital Euro and MiCA

The party opposes the European Central Bank’s proposed digital euro and advocates for cash to be enshrined as a constitutional right. AfD lawmakers also seek lighter treatment of Bitcoin under the EU’s Markets in Crypto‑Assets (MiCA) framework, contending that MiCA was designed for centrally issued tokens rather than decentralized assets like Bitcoin.

Domestic Policy Context

Germany’s Finance Committee recently rejected a Greens proposal to end a one‑year tax exemption for Bitcoin holdings, a rule the AfD supports keeping. The party’s crypto agenda, however, remains constrained by the broader political landscape, as mainstream parties continue to refuse coalition partnerships with the far‑right at the national level.

Implications for Future Governance

AfD leader Ulrich Siegmund described the election result as a “self‑confident signal” for Germany but indicated a preference for a new election over leading a minority government. Coalition talks in Saxony‑Anhalt remain unresolved, leaving the party’s Bitcoin proposals as a political talking point rather than imminent legislation.