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Ethereum
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$2,702.68 1.22558
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BNB
BNB (BNB)
$668.18 -4.34689
BNB price
Solana
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$196.81 2.00248
Solana price
XRP
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$2.65 8.63878
XRP price
Shiba Inu
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$0.0000165 0.47771
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Pepe
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$0.00001 2.4693
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Bonk
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$0.0000178 0.99575
Bonk price
dogwifhat
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Popcat
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Bitcoin
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Ethereum
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$2,702.68 1.22558
Ethereum price
BNB
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$668.18 -4.34689
BNB price
Solana
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$196.81 2.00248
Solana price
XRP
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$2.65 8.63878
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Shiba Inu
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$0.0000165 0.47771
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Pepe
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$0.00001 2.4693
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Bonk
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Bonk price
dogwifhat
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dogwifhat price
Popcat
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$0.355246 10.79919
Popcat price
Bitcoin
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$96,914.00 0.99124
Bitcoin price
Ethereum
Ethereum (ETH)
$2,702.68 1.22558
Ethereum price
BNB
BNB (BNB)
$668.18 -4.34689
BNB price
Solana
Solana (SOL)
$196.81 2.00248
Solana price
XRP
XRP (XRP)
$2.65 8.63878
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.47771
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 2.4693
Pepe price
Bonk
Bonk (BONK)
$0.0000178 0.99575
Bonk price
dogwifhat
dogwifhat (WIF)
$0.649161 9.69829
dogwifhat price
Popcat
Popcat (POPCAT)
$0.355246 10.79919
Popcat price

Czech National Bank advances Bitcoin study for possible reserves

Jayson Derrick
Edited by
News
Czech National Bank advances Bitcoin study for possible reserves

The likelihood of a European central bank holding Bitcoin reserves has increased, despite European Central Bank President Christine Lagarde’s recent comments dismissing the asset as unsuitable.

The Czech National Bank has approved a study to assess how Bitcoin (BTC) might serve as a reserve asset following a proposal from CNB Governor AleÅ¡ Michl. 

Previously, Michl argued hat the bank should diversify its investment portfolio and consider allocating funds to alternative asset classes, including Bitcoin. His proposal suggested allocating of the CNB’s €140 billion ($145.6 billion) in reserves to BTC. “Based on the results of the analysis, the Bank Board will then decide how to proceed further,” the CNB stated in a Jan. 30 announcement after approving Michl’s study.

While Michl’s idea has gained traction within the CNB, Europe’s top banking official remains unconvinced. Coinciding with the CNB’s decision, ECB President Christine Lagarde stated she is “confident” that no EU central bank will adopt Bitcoin as a reserve asset.

Notably, while the Czech Republic is an EU member, it does not use the euro as its official currency.

The concept of national and institutional Bitcoin reserves is gaining momentum both within Europe and beyond. In the U.S., President Trump and several senators have worked on legislation aimed at establishing a strategic BTC reserve.

U.S. States also joined the race, as nearly a dozen jurisdictions introduced laws to buy BTC with taxpayer dollars.