Could Bitcoin (BTC) soon find your way to the balance of a European Central Bank?
That possibility took at least one small step forward on Thursday after the Board of the Czech National Bank (CNB) approved a proposal to consider investing reservations in other assets.
Delivered by the governor of the Central Bank Aleš Michl, the proposal was to study the investment of bank reserves in “additional asset classes.” However, in an interview with the FT earlier this week, Michl had made it clear that his interest in this exercise was possibly adding Bitcoin as a reserve asset.
“My goal is to diversify the portfolio, so if Bitcoin is good [for that]Then we are going to have it, “Michl said.
“According to the results of the analysis, the Bank Board will decide how to move further,” said the CNB in his Thursday statement announcing the approval. “Until then no changes in this area will be implemented.”
Not everyone in power in the Czech Republic approves the idea of exploring Bitcoin as a reserve option. “The Central Bank should symbolize stability,” said the country’s finance minister, Zbynek Stanjura on Thursday, journalists on Thursday. “If you observe Bitcoin’s trade, it is definitely not a stable asset.”
Michl’s proposal was also indicated by the European Central Bank (ECB), whose president Christine Lagarde took a time for his press conference today to say that he is sure that Bitcoin will not enter the reserves of any 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 did not comment on the particular assets it is considering.
