The Czech National Bank (CNB) is considering adding bitcoin to the national reserve, and Governor Azh Mikuru proposes to assign up to 5 % of the country of 140 billion euros to cryptocurrency. I am doing it. If it is approved, this movement will be the first western central bank holding bitcoin. MICHL claims that Bitcoin may function as a diversified tool, especially after the introduction of bitcoin ETFs by major financial institutions such as BlackRock, as the global interest in Crypto investment is growing. Masu.
Yesterday, the CNB Board had approved internal analysis to evaluate the potential risks and advantages of retaining bitcoin as part of its reserves. This analysis will notify the final decision, but will not change immediately until the review is completed. There is no specific timeline, but it is reasonable to anticipate that it may take several months for CNB analysis and subsequent decision -making processes. Since the CNB Board has the authority to determine the preliminary configuration, no legislative approval is required at this stage. However, if a wider range of policies or additional monitoring measures are considered, further regulated discussions may continue. The result of this process determines whether the Czech Republic will take a pioneering step in adopting bitcoin at the central bank level.
Of course, not everyone is convinced. Critics argue that Bitcoin's volatility is a low reliable asset, and the price has fluctuated in a short period of time. The Czech Minister of Finance Zubinek Stangula warned that the Central Bank should give priority to stability rather than speculation. However, volatility alone does not disqualify that assets are part of the diversified reserve. After all, the Czech National Bank already owns gold, foreign currency, and bonds, all of which have their own risks. Yes, bitcoin is unstable, but so is the euro if the central bank prints trillions. Despite the fluctuations in the price, Bitcoin is an asset that has achieved the highest performance in the past decade, and is increasingly recognized as an excessive financial expansion and inflation. Continuous struggles between the euro -sphere debt and inflation only strengthen the discussion of the inclusion of bitcoin. The Czech Republic is not reckless by holding a small assignment of bitcoin. It is a calculated step to ensure financial resilience in an era of economic uncertainty.
Christine Lagard has recently rejected the idea that Bitcoin would become a spare asset in the European Union, which is important here. Chequia is in the EU, but not the euro area. Unlike countries that must follow the European Central Bank's policy, the Czech Republic has its own currency, Czech Corna (CZK), and a completely independent central bank. This means that the Czech National Bank can freely make a financial decision. Prague can lead while Brussels is resisting.
For many people, this proposal seems to be steep. But for those who understand the Czech's past, it feels like a natural next step. My home country is the country of DIY thinker. People who know that if you don't do it yourself, no one will do so. We had been often taken from us, so we had to survive and maintain our freedom. It makes sense to resonate with bitcoin here. When he grew up in a Christmas dinner, his grandfather's story, how his land and house were seized by communist systems is only ignored and ruined by a national cooperative. When your parent Relative escapes abroad, keeps all property away, sewed their inherited money to the coat to survive in the west, and sewed their last money together. Get You want to have something you don't even know what you have. Nobody can take it from you.
Czech innovation in bitcoin is not a coincidence. The world's first bitcoin mining pool (slash pool, now Bry Ins) was established in Prague, and the first historic hardware wallet, Trezole, was established. Recently, the government has taken advanced steps by eliminating long -term bitcoin owners' capital gain tax, making citizens easier to build wealth. This is not itself. It is the result of a relentless job by the Czech Bitcoiner, and they always push the boundaries, educating not only individuals but also policy devices, politicians, and governor. In my opinion, there is no better example of a bottom -up strategy, despite continuous discussions on what constitutes the grassroots approach. We often complain that policies are meaningless, unfair, what do you do to change them? We will bend, explain, educate, and clarify what we want, vote, and where to draw the line.
This is to secure our status in Europe, not just bitcoin, and reconfirm the roles in the Western world. CNB's proposal, which holds bitcoin as a spare asset, has strengthened the Czech reputation as an innovation European leader. To be honest, this small country will eventually access bitcoin at a valuable price. Unlike countries with abundant resources relying on petroleum and vast agricultural exports, the Czech Republic has always rely on ingenuity, craftsmanship, and strategic thinking. We do not have liquid money under the feet, and we cannot “drill, baby, drill”. There is no vast and fertile land. But in this very competitive race, we have our hearts and hands, which is a way to secure our future.
This article is A take。 The statements that have been expressed are completely authors and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.
