The Central Bank of the Czech Republic is considering including Bitcoin in its forex reserves, Bitwise CEO: The dominoes have fallen.

Aleš Michl, the Governor of the Central Bank of the Czech Republic, recently stated that they are considering including BTC as part of their future forex reserve diversification strategy. (Recap: US first BTC tax evasion conviction! Court orders to turn over $124 million BTC Private Key, sentenced to 2 years in prison) (Background: BTC price drops $96,000, Nvidia plummets 6% and brings down US stocks, will the Federal Reserve only cut interest rates once this year?) In an interview with CNN Prima News on the 7th, Aleš Michl, the Governor of the Central Bank of the Czech Republic, said that he is considering buying a "small amount of BTC" as part of the country's reserve assets. Michl stressed that any decision involving BTC must be approved by the Central Bank Council, which consists of seven members, demonstrating the cautious attitude of the decision-making process. Although this move currently has limited impact on the overall investment of the Central Bank, it has symbolic significance. Janis Aliapulios, a CNB advisor, also commented: "The Central Bank of the Czech Republic has not yet considered purchasing encryption assets as forex reserves, but we do not rule out further discussion of this issue in the future." Gold is still the Market Maker, but BTC return rate is eye-catching. TradingView currently, the focus of the Central Bank of the Czech Republic is on increasing the amount of gold holdings, planning to raise gold reserves to 5% of total assets by 2028. However, in 2024, BTC prices rose more than 131%, far exceeding the 30% increase in gold during the same period. In addition, with the prospect of a more friendly regulatory environment under Trump's administration, global discussions continue to rise. Earlier, legislators in Pennsylvania and Texas both proposed bills similar to establishing strategic BTC reserves, which, once realized, would have global impact. Anndy Lian, a blockchain expert, said: "BTC as a reserve asset has significant potential but also comes with high risks. If BTC becomes part of national reserves, it may change the global financial landscape, but its volatility may lead to greater financial risks." Countries' adoption of BTC will accelerate by 2025. Previously, Matt Hougan, CEO of Bitwise, an asset management company, predicted that the adoption of BTC by various countries this year will increase significantly, and stated on X platform: "The dominos start to fall…" This implies that if his prediction comes true, more countries will consider using BTC for investment or reserve purposes. How the future develops is worth our continued follow. The dominos start to fall… - Matt Hougan (@Matt_Hougan) January 7, 2025 Related reports: US first BTC tax evasion conviction! Court orders to turn over $124 million BTC Private Key, sentenced to 2 years in prison BTC price drops $96,000, Nvidia plummets 6% and brings down US stocks, will the Federal Reserve only cut interest rates once this year? BTC "Head and Shoulders" formation under pressure, analyst: critical support if lost, fear of a $75,000 price drop. (Czech Central Bank considers including BTC in forex reserves, Bitwise CEO: The dominos have fallen) This article was first published on BlockTempo.