This is an idea that was first initiated by the US government, although they have not taken the bold step to fulfill that idea and despite that other countries or companies would also want to tap into that idea, I believe they are all waiting to see what will happen next, if actually the US will want adopt Bitcoin as their reserve. So, in my opinion, I doubt if any company or state will adopt Bitcoin for their reserve before any of the US state will do so.

This should be another major bitcoin reserve after that of the US which has been pulling headlines in the past few months of Trump being elected as president. Czech Republic impact will influence Germany, Poland and Australia to get some bitcoin reserves as hedge over inflation in the coming days or in the near future.

Thoughts on this? Do you think we could see a bitcoin strategic reserve anywhere else before seeing in one of the U.S states?

It seems that everyone is talking a lot, but no one is doing anything concrete and in a way it seems that everyone is waiting to see what the US will do. On the one hand, I understand that no one wants to be the first, but then again, if the US announces that it is buying BTC for its strategic reserves, everyone else who decides to do the same after them will pay for their BTC at a much higher price.

As for the member countries of the European Union, I have already written on several occasions that there are those members who are also part of the Eurozone (they use the common currency Euro) and are under the authority of the ECB (European Central Bank) and should probably receive approval from the ECB for such an investment - while on the other hand, the Czech Republic is not in the Eurozone, which means that it has some degree of monetary sovereignty in matters like this.

The bank has commissioned a detailed analysis to explore new investment options, reflecting Bitcoin’s growing role as a global phenomenon. According to bank’s Deputy Governor Eva Zamrazilová, the analysis could be completed by the end of August or September.

“We have commissioned an analysis to explore investments in different asset classes. This is not just about Bitcoin; it includes corporate bonds, real estate funds, the NASDAQ, technology indexes —essentially mapping out the available options,” she said on Sunday on Czech Television.