The head of the Czech Republic's central bank has reiterated his interest in adding Bitcoin to the nation's reserves, aiming to diversify its holdings and potentially capitalize on the growing popularity of cryptocurrencies. This move follows a similar initiative by El Salvador and signals a broader trend among central banks to explore digital assets.
The Czech Republic’s central bank head recently echoed statements he made earlier in January boasting plans for the Central European nation to begin stockpiling Bitcoin, in remarks published by the Financial Times Wednesday.it would start analyzing the prospects of introducing additional asset classes to its reserve, and many indicated that BTC was among those.
“It’s possible to have a big range of outcomes, that bitcoin will have a value of zero or an absolutely fantastic value… But I’m saying that my goal is to diversify the portfolio, so if bitcoin is good, then let’s have it.”If you’re not first, you’re last. America must take decisive action to establish a Strategic Bitcoin Reserve and secure its place in the 21st century.The Financial Times article noted that the US central bank has no plans to acquire Bitcoin.
But, several US policymakers in Congress and the new White House administration are planning a strategic digital asset stockpile, perhaps under the authority of the US Treasury. That includes Senator Cynthia Lummis , who said on Wednesday in a post on X, “If you’re not first, you’re last. America must take decisive action to establish a Strategic Bitcoin Reserve and secure its place in the 21st century.”The Future of NFTs: A Transformation, Not a TombstoneSign-up FREE to receive our extended weekly market update and coin analysis report
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
BITCOIN CENTRAL BANKS DIGITAL ASSETS RESERVE DIVERSIFICATION
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Czech Republic Considers $7.3 Billion Bitcoin ReserveThe Czech Republic's central bank is proposing to allocate 5% of its national reserves, approximately $7.3 billion, into Bitcoin. This would mark one of the most significant state-level Bitcoin acquisitions to date, securing over 71,000 BTC. This proposal fuels ongoing discussions about national Bitcoin adoption, with other countries like Switzerland, Hong Kong, and Chile also exploring similar initiatives.
Read more »
Fire in a restaurant in northern Czech Republic kills 6 peopleA fire in a restaurant in northern Czech Republic has killed six people and and left six others with serious injuries.
Read more »
Fire in a restaurant in northern Czech Republic kills 6 peopleA fire in a restaurant in northern Czech Republic has killed six people and and left six others with serious injuries.
Read more »
Fire in a restaurant in northern Czech Republic kills 6 peopleA fire in a restaurant in northern Czech Republic has killed six people and and left six others with serious injuries. Firefighters say the blaze broke out before midnight Saturday at the U Kojota restaurant in the city of Most, northwest of Prague. They say the cause was likely a gas heater that overturned.
Read more »
Czech Republic Ditches Russian Oil, Enhances Energy SecurityThe Czech Republic has successfully concluded a project to end its dependence on Russian oil imports, securing its energy needs from Western sources.
Read more »
Czech Republic Ends Reliance on Russian OilThe Czech Republic has achieved energy independence by completing a project to end its dependence on Russian oil. The country has invested heavily in alternative supply routes and is now able to obtain all of its oil needs from Western sources.
Read more »