worldwide of cryptocurrencies its popularity is now reaching new heights. Crypto The number of friendly countries is increasing, and soon the USA will be one of them. The results of the process that started with Trump will probably be explained years from now, but today the agenda is a different central bank.
Central Bank Cryptocurrency Purchase
Trump wants the Fed to create a BTC reserve. Although it sounds great, there are serious problems on the implementation side. Powell He opposes it and doesn’t say the reserve narrative has much support from Republicans. Moreover, while there is a legal requirement for this reserve, the weak support from Republicans is demoralizing.
But there is also good news. Czech National Bank (CNB) Governor Ales Michl made a recent statement within the scope of the central bank’s reserve diversification strategy. Bitcoin $101,782.3He said he was discussing . Don’t get excited just yet, because Microsoft said it was discussing this too. Such evaluation steps do not mean that the bank will accumulate BTC.
Speaking to CNN Prima News, Michl explained that he suggested the Czech central bank buy Bitcoin to diversify its assets, but he also underlined that there are no plans to buy any cryptocurrency for now.
“Of course I’m thinking about Bitcoin, but there are seven of us on the board. Bitcoin is an interesting option for diversification against other assets. “I was just thinking about buying some Bitcoin, but I never thought about making a significant investment.”
Bitcoin and Reserves
Companies like MicroStrategy to increase their stock prices BTC is taking. El Salvador became the first country to adopt Bitcoin nationwide, and hundreds of thousands of BTC are in the hands of institutional investors. Although the situation is a bit complicated for the CNB, central banks will have BitcoinIt is possible to put ‘on the agenda for reserve diversification.
This situation would not be surprising if the global reputation of cryptocurrencies reaches the desired levels, especially under the Trump administration, and global regulations mature. For now, CNB aims to increase the gold concentration in its reserves.
Czech Republic Prime Minister Petr Fiala gave the good news of tax exemption for cryptocurrencies three years ago.
“cryptocurrency “We pushed for better conditions for our units and to make life easier for people and support modern technologies.”
At the time of writing, Bitcoin is finding buyers at $97,268 as a result of unfavorable US data. And Trump has yet to mention crypto as he continues his speech.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
