{"id":10555,"date":"2025-01-30T17:47:48","date_gmt":"2025-01-30T17:47:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10555"},"modified":"2025-01-30T17:47:48","modified_gmt":"2025-01-30T17:47:48","slug":"czech-national-bank-approves-proposal-to-study-bitcoin-as-reserve-asset","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10555","title":{"rendered":"Czech National Bank Approves Proposal to Study Bitcoin as Reserve Asset"},"content":{"rendered":"
\n

Could Bitcoin (BTC) soon find its way on to the balance sheet of a European central bank?<\/p>\n<\/p>\n

That possibility took at least a small step forward on Thursday after the board of the Czech National Bank (CNB) approved a proposal to consider investing reserves in other assets.<\/p>\n<\/p>\n

Put forth by the central bank Governor Ale\u0161 Michl, the proposal was to study investing the bank’s reserves in “additional asset classes.” In an interview with the FT<\/a> earlier this week, though, Michl had made clear his interest in this exercise was in possibly adding bitcoin as a reserve asset.<\/p>\n<\/p>\n

“My goal is to diversify the portfolio, so if bitcoin is good [for that], then let\u2019s have it,” said Michl.<\/p>\n<\/p>\n

“Based on the results of the analysis, the Bank Board will then decide how to proceed further,” the CNB said in its Thursday statement<\/a> announcing the approval. “No changes will be implemented in this area until then.”<\/p>\n<\/p>\n

Not everyone in power in the Czech Republic approves of the idea of exploring bitcoin as a reserve option. \u201cThe central bank should symbolize stability,” the country’s Finance Minister Zbynek Stanjura told reporters on Thursday<\/a>.” If you look at bitcoin trading, it\u2019s definitely not a stable asset.”<\/p>\n<\/p>\n

Michl’s proposal was also noted by the European Central Bank (ECB), whose President Christine Lagarde took time out of her press conference today to say<\/a> she’s confident bitcoin won’t be entering the reserves of any of the European Union central banks.<\/p>\n<\/p>\n

The Czech Republic does not use the euro but the country is in the EU.<\/p>\n<\/p>\n

The CNB did not comment on the particular assets it’s considering.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Could Bitcoin (BTC) soon find its way on to the balance sheet of a European central bank? That possibility took at least a small step forward on Thursday after the board of the Czech National Bank (CNB) approved a proposal to consider investing reserves in other assets. Put forth by the central bank Governor Ale\u0161 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10555","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10555"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10555\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}