March 8, 2021

German cannabis producer invests in BTC

German cannabis producer invests in BTC

SynBiotic SE expressed "concerns about massive devaluation of fiat money."

February 16 manufacturer cannabis from Germany, SynBiotic SE said it would transfer part of its treasury to bitcoin.

In an appeal on the company's website, it is indicated that such a decision was made against the backdrop of "concerns about the massive devaluation of fiat due to a significant increase in the emission of the dollar and euro."

SynBiotic SE CEO Lars Müller said:

In the long run, we are more confident in Bitcoin than in euros or dollars, as central banks, influenced by politicians, can print money non-stop.

He added that SynBiotic subsidiaries have been accepting bitcoin as a means of payment for a long time.

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According to the materials cointelegraph.com