Czech Central Bank Governor: Bitcoin Shouldn’t Be Grouped with Crypto
Czech National Bank Governor Ales Michl has reaffirmed his stance on Bitcoin (BTC), emphasizing that it should not be classified alongside the broader cryptocurrency market. His remarks come as part of his ongoing push to explore the potential inclusion of Bitcoin in the central bank’s reserves.
In a recent post on X, Michl acknowledged the unpredictable nature of the crypto industry, stating that while the market will experience both “failures and successes,” Bitcoin is fundamentally different. “Bitcoin, however, is a different story. It should not be lumped together with other crypto assets,” he wrote.
His comments follow a turbulent period in the crypto world, with controversies surrounding the recent memecoin frenzy and accusations of rug pulls linked to Binance founder Changpeng Zhao and Argentine President Javier Milei.
Michl made headlines last month when he introduced a proposal for the Czech National Bank to examine alternative assets, including Bitcoin, as potential additions to its balance sheet. While the proposal received approval from the bank’s board, he clarified that this is only an initial stage of research.
“As central bankers, we should take the time to study Bitcoin and the technology behind it,” Michl said. “There is no harm in learning—on the contrary, it can only make us stronger.”
His continued advocacy suggests that Bitcoin’s role in national financial reserves will remain a topic of interest within the Czech banking sector.
