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Czech Republic Set to Adopt Bitcoin Reserve – USA Left Behind?

Published by
Nidhi Kolhapur

The Czech Republic is making moves to adopt a Bitcoin reserve, putting pressure on the U.S. to act. Senator Cynthia Lummis is urging the U.S. government to move forward with its own Bitcoin reserve proposal before other nations take the lead. While her idea has sparked interest globally, the U.S. has yet to take action.

Senator Lummis believes the U.S. must secure its position in the digital economy by establishing a Bitcoin reserve. In a post on X, she warned,

“If you’re not first, you’re last. America must take decisive action to establish a Strategic Bitcoin Reserve and secure its place in the 21st century,”

Czech Republic Takes Bold Steps Toward Bitcoin Adoption

Inspired by Donald Trump’s crypto-friendly stance, countries like the Czech Republic are moving forward with Bitcoin adoption. Meanwhile, Arizona and Utah have recently passed Bitcoin-related bills, signaling a shift toward more crypto-friendly policies in the U.S.

Lummis’ concerns come after the Czech Republic announced plans to hold billions of dollars in Bitcoin. On Wednesday, Governor Aleš Michl revealed that the country is preparing a Bitcoin acquisition bill. If approved, it would make the Czech Republic the first nation to officially establish a Bitcoin reserve.

Czech National Bank to Invest Billions in Bitcoin

Earlier this year, Governor Michl expressed interest in adding Bitcoin to the Czech National Bank’s (CNB) balance sheet for diversification. Now, the CNB has confirmed plans to allocate $7.3 billion—about 5% of its reserves – into Bitcoin.

With global interest in Bitcoin reserves growing, the big question remains: Will the U.S. step up, or will it fall behind in the digital asset race?

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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