The German government is discussing the nomination of Joachim Nagel for the position of European Central Bank President, who once referred to Bitcoin as a digital tulip

According to Crowdfund Insider, the German government is discussing whether to nominate Joachim Nagel, the President of the Federal Bank of Germany, as the President of the European Central Bank in response to the possibility of Christine Lagarde stepping down early. Finance Minister Lars Klingbeil tends to support Joachim Nagel, while Prime Minister Friedrich Merz has not yet made a public statement. Joachim Nagel has been serving as the President of the Federal Bank of Germany since 2022 and has publicly criticized unsecured cryptocurrency assets such as Bitcoin as digital tulips, opposing the inclusion of Bitcoin in official foreign exchange reserves.