Could Bitcoin (BTC) soon find its way to the assessment of a European central bank?
This possibility took at least a small step before Thursday after the board of directors of the Czech National Bank (CNB) approved a proposal aimed at considering investment reserves in other assets.
Presented by the governor of the central bank Aleš Michl, the proposal was to study the investment of the bank’s reserves in “additional asset classes”. In an interview with the FT earlier this week, Michl had clearly indicated that his interest in this exercise was possibly added bitcoin as a reserve asset.
“My goal is to diversify the wallet, so if the bitcoin is good [for that]So have it, “said Michl.
“Based on the results of the analysis, the banking council will then decide how to continue,” the CNB said in its Thursday statement announcing approval. “No change will be implemented in this area until then.”
Everyone in power in the Czech Republic does not approve of the idea of exploring Bitcoin as a reserve option. “The central bank should symbolize stability,” the country’s finance minister Zbynek Stanjura said on Thursday. “If you look at Bitcoin trading, it’s certainly not a stable asset.”
Michl’s proposal was also noted by the European Central Bank (ECB), whose president Christine Lagarde has taken the time of her press conference today to say that she is confident that Bitcoin will only enter the reserves of ‘None of the central banks of the European Union.
The Czech Republic does not use the euro but the country is in the EU.
The CNB has not commented on the specific assets it plans.
