Christine Lagarde seemed to dismiss concerns that Czechia’s central bank would adopt Bitcoin as a reserve asset.
European Central Bank President Christine Lagarde suggested the Czech National Bank was unlikely to approve of adopting Bitcoin as a reserve asset following a conversation with its governor.
Speaking to members of the press on Jan. 30, Lagarde said the European Council held the view that reserves of central banks have to be “liquid, secure and safe,” implying that they would not include Bitcoin (BTC ). She added that she was “confident” that BTC would not enter the reserves of banks under the council.
ECB President Christine Lagarde speaking on Jan. 30. Source: Reuters
Read more,# Lagarde Puts the Brakes on Bitcoin for Czechia’s Central Bank
## Key Points:
– Christine Lagarde, the head honcho of the European Central Bank, isn’t fazed by Bitcoin as a central bank asset.
– After chatting with the Czech National Bank governor, she mirrored “liquid, secure, and safe” – basically, a no-go for Bitcoin in their reserves.
– Lagarde expressed confidence that Bitcoin won’t be crashing the central bank party anytime soon.
## Hot Take:
Looks like Bitcoin’s not getting a VIP pass to the Czech National Bank’s reserve club. I guess it’s not “liquid” enough for Lagarde’s taste, or maybe they just prefer their assets with a little less volatility and a lot more common sense. But hey, the crypto party isn’t closing down anytime soon; it just means more room for other assets to wobble around! #Bitcoin #ChristineLagarde #CentralBank #JustInvestNews
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