The President of the European Central Bank Christine Lagarde announced that Bitcoin will never find a way to the treasures of the EU Central Bank.
In the last statement, Lagarde pointed out that Bitcoin has no characteristics defining any credibility of reserves, safety or stability.
In response to the growing debate on the potential role of Bitcoin in national reserves after application It was made by a Czech central banker.
Bitcoin does not meet the standards of reserve assets: EBC
Lacard Rejection of bitcoins As a reserve component, it continues in the featherlight of time-honored skepticism of cryptocurrencies by ECB. She noticed that Bitcoin remains unstable and without a central controller, thanks to which it is not suitable for the utilize by central banks in their reserves.
Unlike gold and government bonds, the value of which is secured by such a central institute, Bitcoin stands out as uncertain and unbelievable as a class of assets during economic fluctuations.
The President of the European Central Bank Christine Lagarde claims that Bitcoin will not be included in any EU Central Bank reserves. pic.twitter.com/oh01yig5e5
– Altcoin Daily (@altcoindailyio) January 30, 2025
The comments of the President of ECB appeared in response to the Czech Governor of the National Bank Aleš Michla, who suggested the inclusion of Bitcoin in the Reserves Republic of the Czech Republic.
Although the Czech Republic is not a country of the euro area, its central bank is still represented in the ECB General Council, which means that its political debates are part of the general European financial framework.
Lagarde, however, quickly shot down this suggestion, additionally strengthening Careful ECB position on digital assets.
The message from the President of ECB reminds the point of view that Bitcoin could not be kept in his vaults. Other European banks share ECB views in Poland; Romania also said that these cryptocurrencies would probably be stopped from their official balances.
Attitude vs. Crypto
Even outside Europe, the main institutions, such as the US Federal Reserve, took a firm position against keeping Bitcoin. Jerome Powell, the chairman of the FED, said earlier that the American central bank may legally prevent Bitcoins from placing in its reserve, making a gap between the elderly financial system and the currency even more clear.
Many legislators hesitate to Bitcoins because they are worried about unclear recipes, his tendency to jumping price and circumscribed utilize in daily transactions.
Some countries are becoming more and more open to bitcoins, but most gigantic economies still think that the behavior of government reserves is too risky.
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Bitcoin place in the global financial system
Despite the rejection by central banks, Bitcoin is the main force of global finances. He gained adhesion as a magazine of values among both institutional and retail investors, and some call it “digital gold”.
A distinguished picture from Sky News, chart from TradingView
