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Following the announcement by the Czech National Bank governor Aleš Michl that he wanted to invest as much as 5% of the country’s reserves into Bitcoin, ECB President Christine Lagarde retaliated by stating that she was confident that no Bitcoin would enter the reserves of any of Europe’s central banks.
Europe to continue towards CBDCs
Europe is continuing to follow the path towards Central Bank Digital Currencies (CBDCs) despite the recent sea change in the United States, sparked by President Trump’s new administration. One of President Trump’s first actions was to sign an executive order that completely bans CBDCs in the US.
However, many European governments must be eyeing what could be a panacea to their debt-ridden monetary system, and some may already be investigating the pros and cons of Bitcoin, and the potential consequences of not being among the first to adopt this asset.
Czech Central Bank could add Bitcoin to its reserves
That said, one European count

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