Swedish MP Dennis Dioukarev has formally questioned Finance Minister Elisabeth Svantesson about establishing a national Bitcoin reserve using confiscated assets, mirroring the U.S. approach. The proposal follows MP Rickard Nordin’s earlier call for Sweden to reconsider its conservative stance on Bitcoin, citing its role as an inflation hedge and tool for financial freedom. While European leaders like ECB President Christine Lagarde remain skeptical, countries like the U.S., Czech Republic, and Italy are exploring Bitcoin reserves, highlighting a divide in global crypto adoption. Bitcoin currently trades at $85,586, still below its all-time high.
about Swedish Lawmakers Push for National Bitcoin StrategyCzech National Bank
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Czech Central Bank Explores Bitcoin for Reserve Diversification Amid Volatility Concerns
The governor of the Czech central bank has called for a study to recognize Bitcoin as distinct from other digital assets. Despite concerns over its volatility, the bank is considering Bitcoin for potential reserve diversification.
about Czech Central Bank Explores Bitcoin for Reserve Diversification Amid Volatility ConcernsCzech Central Bank Considers Bitcoin for International Reserves Management Strategy
Czech National Bank Governor Aleš Michl advocates for central bankers to study Bitcoin, distinguishing it from other cryptocurrencies. The bank is considering a Bitcoin test portfolio to diversify its $7 billion reserves, despite concerns over its volatility and risks. Michl emphasizes the importance of understanding Bitcoin’s technology and warns investors to be cautious, likening the current crypto market to the early days of capitalism.
about Czech Central Bank Considers Bitcoin for International Reserves Management StrategyBitcoin Price Target Raised to 500000 by Standard Chartered for 2028
Standard Chartered’s Geoffrey Kendrick projects Bitcoin could reach $500,000 by 2028, driven by increasing institutional interest, particularly from sovereign wealth and state pension funds. Notably, Abu Dhabi’s sovereign fund recently disclosed a position in BlackRock’s iShares Bitcoin Trust, signaling a strategic shift. Kendrick highlights that as institutional access improves and volatility decreases, more investors are likely to increase their Bitcoin allocations, enhancing its legitimacy as a store of value.
about Bitcoin Price Target Raised to 500000 by Standard Chartered for 2028Czech Central Bank Plans to Diversify Reserves with Bitcoin Acquisition
The Czech National Bank is considering adding Bitcoin to its reserves as a means of diversifying its portfolio, with its head, Michl, acknowledging the unconventional nature and risks of this move. Meanwhile, U.S. Senator Cynthia Lummis is advocating for the establishment of a Strategic Bitcoin Reserve to ensure America’s competitive edge in the digital asset space.
about Czech Central Bank Plans to Diversify Reserves with Bitcoin AcquisitionCzech National Bank Considers Bitcoin Reserves Amid ECB’s Gold Strategy
The Czech National Bank is considering a $7.3 billion Bitcoin allocation, potentially making it the first central bank to include Bitcoin in its reserves, as discussions led by Governor Aleš Michl highlight the asset’s rising institutional demand. In contrast, the European Central Bank has increased its gold reserves to 35% and remains skeptical of Bitcoin due to security and regulatory concerns. This move by the CNB reflects a broader trend among central banks exploring Bitcoin, while countries like El Salvador have already integrated it into their national reserves.
about Czech National Bank Considers Bitcoin Reserves Amid ECB's Gold StrategyTrump’s CBDC Ban and Its Impact on Cryptocurrency Markets
The U.S. committee aims to pass comprehensive digital asset legislation, including stablecoin regulations and a strategic Bitcoin reserve, with Senator Lummis proposing the U.S. buy 200,000 bitcoins annually for five years. Meanwhile, Elon Musk’s X platform is set to evolve into a super app with payment functionalities, potentially incorporating cryptocurrencies. Amidst regulatory changes, Bitcoin’s institutional adoption is gaining traction, with the Czech National Bank considering significant investments in Bitcoin as a diversification strategy.
about Trump's CBDC Ban and Its Impact on Cryptocurrency MarketsEuropean Central Bank Leaders Skeptical of Bitcoin as Reserve Asset
European Central Bank President Christine Lagarde has dismissed Bitcoin as a reserve asset for member states, citing its volatility and association with illicit finance. Despite Bitcoin’s recent price surge and growing institutional interest, skepticism remains prevalent among European lawmakers. Meanwhile, the Czech National Bank is considering a proposal to add up to $7 billion in Bitcoin to its reserves, marking a potential shift in the region’s stance on digital assets.
about European Central Bank Leaders Skeptical of Bitcoin as Reserve AssetBitcoin Surges Past 106K but Faces Key Challenges for New Highs
Bitcoin surged above $106K, gaining 13.5% in January 2025, driven by a favorable shift in the US government’s stance. However, its price remains capped due to concerns over a global economic slowdown, reduced risk appetite from investors, and the need for clearer regulations and ETF approvals for banks to fully embrace digital assets. Further institutional adoption could significantly boost Bitcoin’s value.
about Bitcoin Surges Past 106K but Faces Key Challenges for New HighsCzech Central Bank Explores Bitcoin Reserves Amid ECB Opposition
The Czech National Bank (CNB) has initiated plans to explore the inclusion of Bitcoin in its reserve assets, despite opposition from European Central Bank (ECB) President Christine Lagarde. The CNB aims to diversify its investments and may consider allocating up to 5% of its reserves to Bitcoin, amounting to over $7 billion, pending a thorough review. This move reflects a growing openness among some European monetary authorities towards digital assets, contrasting sharply with the ECB’s stance on maintaining secure and liquid reserves.
about Czech Central Bank Explores Bitcoin Reserves Amid ECB Opposition