Bitcoin
The Czech Republic is making moves to adopt a Bitcoin reserve, putting pressure on the U.S. to act. Senator Cynthia Lummis
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,”
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.
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?
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