Christine Lagarde, The head of the European Central Bank (ECB), stated that Bitcoin It will not be part One of the central bank reserves in the euro area.
The discussion is established by the National Czech Bank’s proposal to diversify its reserves with new assets, with the exception of the cryptocurrency. In this article, we see all the details.
The European Central Bank repeats the need for liquid and safe assets: Bitcoin problems
European Central Bank President, Christine Lagarde, Firmly Bitcoin will not become part of the European Central Banking reserves.
His intervention comes after a conversation with the ruler of the Czech National Bank, Alex michl, Those who suggested exploring the new assets chapters to diversify the country’s reserves.
Lagarde repeated that the Central Bank reserves must consist of liquid, safe and safe assets, and characteristics, according to the European Central Bank, do not meet Bitcoin:
“I am confident that BTC will not be included in the reserves of the central banks under our advice,” stated by members of the press on January 30.
This position highlights A clear division Among the traditional financial institutions and the coded currency industry, which in recent years have seen increasing interest from some governments in Bitcoin contract as a strategic origin.
The discussion about Bitcoin as a value store has sparked the decision of the Czech National Bank to explore new assets to diversify its wallet.
However, the Bitcoin Bank did not include options, and perhaps to avoid the risks related to it High fluctuations.
The ruler Alice Michel’s proposal was met with the expansion of the CNB portfolio with caution by the European Central Bank. The European Corporation is still firm in its conservative approach, while emphasizing the risks associated with carrodovat.
According to Lagarde, one of the main concerns is Financial stabilityBitcoin is famous for its fluctuation and the lack of a suitable organization, which are the elements that make it inappropriate as a reserve of the Central Bank.
Bitcoin in state reserves: an increasing trend?
Although Europe shows doubts, the subject of bitcoin reserves has become a global discussion point. After the re -election of Donald Trump in 2024, in the United States The proposals increased To adopt bitcoin as a backup asset.
Many American states, including Texas, Utta, Ilinoi and Arizona, have provided bills to create bitcoin reserves, following an example Satoshi’s work fundThe Da`wah group that enhances the adoption of encrypted currencies in public institutions.
Even in the private sector, cryptocurrencies acquire the Earth. CEO CEONBASE, CEO, Brian Armstrong, He recently suggested that the countries adopt Bitcoin as a hedge against inflation.
A strategy has already been carried out by El Salvador, which continues to assemble BTC as part of its national reserves.
Unlike the United States and other emerging countries, the European Union continues to resist Bitcoin’s dependence on its reserves.
BCE president is not the only one who expresses doubt. Many European officials have already repeated several times on these encrypted currencies It cannot be seen yet Safe financial tools.
Christine Lagarde confirmed how the European Central Bank focuses on more organized alternatives, such as the potential development of the digital euro.
The central bank is already studied by Blockchain solutions that can provide the benefits of encrypted currencies without the risks associated with their volatility.
Meanwhile, BCE maintains a cautious situation, noting that any change in the reserve system will have to have a comprehensive and strict analysis.
Impact on the bull market in encrypted currencies
Lagarde statements It doesn’t seem to have Negative On the price of Bitcoin, which is currently about 105,731 dollars, by 3.8 % in the past 24 hours.
This explains how the cryptocurrency market continues to move independently from the data of traditional financial institutions.
However, the position of the European Central Bank may slow the institutional adoption of Bitcoin in Europe. If the United States will implement a strategic reserve for Bitcoin, the European Union may find itself in having to reconsider its own strategy.
