Czech Central Bank Boss: Bitcoin is a Different Story

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Here’s the scoop:

  • Czech National Bank Governor Ales Michl knows his bitcoins from his cryptos.
  • His comments come after a series of memecoin rugpulls.
  • The Czech central bank is currently studying the possible benefits of adding alternative assets – bitcoin included – to its balance sheet.

Czech National Bank Governor Ales Michl continues his crusade for possibly adding bitcoin (BTC) to the central bank balance sheet, with some encouraging words for those frustrated by the damage done to bitcoin’s reputation by the wider crypto market.

In a lengthy X post, Michl wrote, “The crypto market will experience ‘failures and successes.’ Bitcoin, however, is a different story. It should not be lumped together with other crypto assets.”

It might not be a coincidence that Michl chose to post this after the events of the past few days, where the already unwholesome memecoin craze reached new levels of grift. This included rugpulls encouraged by Binance founder Changpeng Zhao and Argentine President Javier Milei.

Michl came on the radar of the bitcoin market last month when he submitted a proposal that the Czech National Bank study adding alternative assets – bitcoin among them – to its balance sheet. The proposal was approved by the bank board and Michl reminded today this is only the initial stage of analysis.

“We central bankers should study it and explore the technology [bitcoin] is built on,” Michl said. “Studying bitcoin won’t harm us – on the contrary, it will strengthen us.”

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2025-02-19 17:35