European Central Bank (ECB) President Christine Lagarde has dismissed the idea of EU countries adopting Bitcoin reserves, showing skepticism towards cryptocurrency's role in central banking. Her comments came in response to Czech National Bank's Governor Aleš Michl, who proposed exploring Bitcoin for the nation's reserves.
Some EU nations, like the Czech Republic, which does not use the euro, have shown interest in Bitcoin. The Czech Republic has introduced policies favoring crypto and is considering allocating up to 5% of its reserves to Bitcoin.
Other countries, such as Switzerland and Germany, have also entertained the notion, highlighting differing opinions within the EU. Meanwhile, in the US, numerous states are considering Bitcoin reserves, with Texas prioritizing it for 2025.
Bitcoin's viability as a reserve asset continues to spark debate among policymakers and economists, reflecting varying levels of enthusiasm for cryptocurrency integration into financial systems.
