Summary
- As the Czech Central Bank emphasizes Bitcoin research, the possibility of central banks' strategic Bitcoin accumulation has emerged as a crucial issue in the investment market.
- Bitcoin is considered a significant technological asset incomparable to other virtual assets, indicating the possibility of future large-scale buying pressure.
- There are predictions that the Czech Central Bank's Bitcoin purchases could consume five months' worth of Bitcoin mining supply, which could have significant implications for investors.
The Governor of the Czech Central Bank has urged central bank governors worldwide to study Bitcoin (BTC).
According to CoinTelegraph on the 19th (local time), Aleš Michl, Governor of the Czech Central Bank, urged central bank governors to study Bitcoin. He stated, 'Bitcoin should not be placed in the same category as other virtual assets (cryptocurrencies)' and emphasized that 'central bank members should explore Bitcoin and Bitcoin-based technologies.'
Currently, the Czech Central Bank is evaluating whether to strategically stockpile Bitcoin. If the Czech Central Bank decides to accumulate Bitcoin, a significant influx of buying pressure is expected.
Andre Dragos, Head of Research at Bitwise, stated, 'The Czech Central Bank's total reserves exceed $146 billion,' and added that 'over $7.3 billion could flow into Bitcoin.' He further noted that 'the Czech Central Bank's Bitcoin purchases alone would consume five months' worth of Bitcoin mining supply.'
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Shock that there is 'no US government backstop'… Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/b23cb4d1-e890-4f1c-aa52-f18f45dc8192.webp?w=250)
