Coinbase executive "Eurozone countries may also expand Bitcoin (BTC) purchases after the Czech Republic"

JH Kim

Summary

Coinbase's Head of Institutional Strategy John D'Agostino said that, following the Czech Republic's Bitcoin (BTC) buying movement, there is a possibility of purchase expansion among eurozone countries.
D'Agostino said that the fact a eurozone central bank, even in a small amount, has engaged in cryptocurrency purchases is meaningful from an investment perspective.
He said the Czech central bank's move to hold Bitcoin as a treasury asset and to test it as a payment method could easily spread to other countries.

Coinbase's Head of Institutional Strategy John D'Agostino projected that Bitcoin (BTC) purchases by eurozone countries could spread after the Czech Republic's Bitcoin buying movement.

On the 10th (local time), according to crypto asset (cryptocurrency) media CryptoBriefing, D'Agostino said, "It is meaningful in itself that a eurozone central bank purchased cryptocurrency worth $1 million, even if a small amount," adding, "The Czech central bank has incorporated Bitcoin into holdings of a treasury-like nature and is testing Bitcoin as a means of payment. Such moves spread easily."