Bitcoin Forum

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 Link to post on X (https://x.com/bitcoinmagazine/status/1988955386570059863?s=46)

Saw this news just now and I felt like sharing it here..Czech National bank have bought $1million worth of bitcoin and crypto seems like European countries have started to fully embrace  bitcoin and I think this is a call for more adoption maybe..

Prague the country’s capital is the home to the highest number of bitcoin accepting businesses in Europe  and I think this move by the country’s National bank will add up more adoption across the country.

Nowadays a random entity buys 10 BTC, and all of a sudden, they're "all in for it."

Just because a bank bought some bitcoin, you think that means the European countries started to "fully embracing it"? To me it seems like countries of the European Union are the last to fully adopt it to their treasuries, judging by the regulations they urge to pass. Most people in authority positions are either completely ignorant of what's coming, or they're paid actors who continue spreading FUD about bitcoin and supporting nonsensical Keynesian / socialist policies.

I don’t think they've “fully embraced it” but I think this is a kinda starting point for European countries to start the process of embracing it..we might as well hear some more news about them embracing it in the future, the only barrier currently is time but I’m pretty certain that the time will come.


Yes they’re, their so called “cautious approach” to cryptocurrencies is what makes them still not in the race to fully adopt it in their reserves and treasuries and this can probably lead them to losing a lot of opportunities in this space.

I share BlackHatCoiner's scepticism, but at the same time I see it as good news. A million is peanuts for a national bank, but it fits in with an open-minded approach to the crypto space. I would love to see the Bank of Spain do the same.

Czech Central Bank Becomes First Central Bank to Buy Bitcoin (https://www.coindesk.com/business/2025/11/13/czech-central-bank-becomes-first-central-bank-to-buy-bitcoin)

The good.


The bad (for some).


So, they are not going to build a reserve, actively buying, DCAing, but they show an open mind to the space that I don't see in much of the rest of the EU.

A country with a population around 11 million buying bitcoin worth around one million isn't a big move. However, the participation of the national bank has made it big news. Maybe the involvement of bank will make the people of the nation believe in bitcoin. The same can enhance the level of adoption in the country. In a previous post it is stated that Prague has got the highest number of shops accepting bitcoin, and once again the circulation of bitcoin might increase a little with the small purchase of around 10 bitcoin by the national bank.

For those who don't know, there is the European Union and something called the eurozone. The Czech Republic is a member of the EU, but it is not a member of the eurozone, which means that it does not use the euro, nor is it under the authority of the European Central Bank.

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The Spanish central bank would first need to seek permission from the ECB for this, and I'm sure you know what Christine Lagarde thinks about cryptocurrencies in general. So you can dream about it if you think it's something positive, but I think that central banks should not have anything to do with Bitcoin because their modus operandi is 100% centralist and if they ever exposed themselves by buying the same, I'm sure they would look for a way to influence BTC developers and demand certain adjustments.

But it is much better than the US, the US only relies on its confiscated Bitcoin which is put into their strategic reserve while there is no purchase, and this Czech country is different, guessing to make a purchase for the first lagkah, although we know that we will not know how the future will be, but certainly a country makes a purchase to start its journey? don't you have positive thoughts first.

And to be honest we don't know what the background of this country is buying bitcoin, how for its investment planning and so on, so don't be too quick to give a negative response.

Last January, the Czech Republic was still considering allocating to Bitcoin.

Reference : cryptoslate.com- Czech National Bank considers Bitcoin for reserve diversification - Januari 2025 (https://cryptoslate.com/czech-national-bank-considers-bitcoin-for-reserve-diversification/)

But now they have actually done it, and the Czech central bank stated that they still aim to evaluate the project in two to three years. However, I am confident they will have a rewarding experience from investing in Bitcoin. So, I hope they have plans to increase their Bitcoin reserves in the future. This news shows how bright the future of Bitcoin is. We have been anticipating that Bitcoin adoption will continue to spread globally, and the signs of its arrival are becoming clearer. I hope news like this continues to emerge in other countries.

Additional Reference : www.reuters.com - Czech central bank buys $1 million in bitcoin, other crypto assets for testing (https://www.reuters.com/business/czech-central-bank-buys-1-mln-bitcoin-other-crypto-assets-testing-2025-11-13/)

Don Pedro Dinero mentioned that this pilot program is meant to get the central bank familiar with blockchain assets.  Lets just hope they know what they are doing and dont get scammed or something.   ;D

Its great news, yes.   Its good they are learning.  I just hope the intern in charge of the private keys doesnt write them down on a sticky note and leave it under their desk, haha!

Hopefully, adoption is not just about buying and holding. But they also participate in development through other schemes that add utility value to Bitcoin. For example, having programs that support the potential increase in user trust and attract new users. So they are not only looking for profit from the volatile value. That would be even better and make Bitcoin more recognized globally, increasing trust worldwide.

They might open bitcoin bank that's more inline with their specialty. Just matter of time in my opinion.

It's still good to see that national bank finally opening up to bitcoin though, they know bitcoin can't be stopped so they joined to the trend.

Since it has come to this, we should expect more to come.

If this is their initiative, let me laugh at them first. Remember Bitcoin's idea of ​​eliminating the need for third parties?

Bitcoin bank will almost certainly operate on a fractional reserve basis. This means they'll lend out more BTC than they actually hold, as that's the only way to gain big profit margin like traditional banks. Realistically, it's closer to a fool's experiment that's been proven to end badly time and time again than a brilliant idea.

They have not gotten it to he fully into it, rather they have gotten it for so they can carry out experiments with the transactions. One thing refreshing about the banks aims is that they are open to using it in the future and credits to the governor who spoke about using Bitcoin as a means of payment in the future. I am super proud of him because politicians in the UK do not want to entertain the thoughts. They didn't just buy Bitcoin but some other stablecoins attached to it. I do not consider the European bank stupid for their statement, they know bitcoin to be thriving investment and assest, they are simply stubborn to accept the truth.

As Mamadou Ghandi said, “first they ignore you then they laugh at you, then they fight you, then you win.” You know which stage we are at now right? We are in a phase where banks and governments are joining us instead of fighting us and shows how powerful bitcoin has become and how much it penetrated into our daily lives. Most of us can’t even imagine a world without crypto anymore and crypto has been around less than 20 years. Czech National bank has bought bitcoin? I say long overdue. It should have happened yesterday.That kind of news show us one more thing.. There is still enormous growth potential in bitcoin. Imagine what will happen when all the banks all around the world joins the party when FIAT starts to collapse fully. It won’t be a pretty picture for you if you are not holding any btc that’s for sure.

Allow me to disagree with your (and some other members') delight about this news - because it would be more news for me to read that a hundred ordinary people bought 0.1 BTC each than that some bank is playing with 10 BTC. I know that many people fantasize about central banks starting to buy Bitcoin, but that's not something to look forward to - because Bitcoin was created as an alternative to banks, not for banks to buy and store it like digital gold.

Bitcoin has been fighting for its existence, adoption, growth and success since January 2009. Many years passed, Bitcoin has yet died or disappeared from human societies and its adoption growth has been parabolic upward. It's no longer proper time to say "Bitcoin is dead" as it was not dead and will not die, it's my belief that is based on how strong Bitcoin has been since 2009.

From personal miners, investors to institutional investors, and now governments, central banks, national treasuries, Bitcoin has gone a very long successful journey but it's truly deserved with this massive success. Czech central bank is not the only central bank on this planet accepts and purchases Bitcoin.

I see both camps can have pros and cons for this buy - it's good from the side that it's an interest in BTC on such level, and then again -it's from a bank with the money from said bank.

It was done as a test and for the future profit.

Countries have started to adopt BTC seriously, whether it is just for political purposes or as a national reserve, the important thing is they make it. In contrast to our country, even though it is ranked 7th based on the global crypto adoption index (https://www.chainalysis.com/blog/2025-global-crypto-adoption-index/), our country is not serious about responding to the adoption of BTC specifically for state reserves.

I believe you are jumping the gun here. Nothing is changing, the EU still maintains its stand on cryptocurrencies and then there is this to further buttress this point:
Things are a little bit different for Czech Republic, compared to other countries in the European Union. There is no need to worry about governments buying BTC or not. I know it can be big news, depending on the country making the purchase and the amount, but i don't really look forward to it. If it happens, fine. If it doesn't, still fine.

Perhaps this is a just experiment for their national bank, nevertheless still a good move as anyone who bought specially a national bank could bring interest to their population too. And this could bring closer to a adoption at least in their country or their EU region.

And obviously there is a blessing from their government, so I think regardless of what we have seen here, this is a win-win for us and a welcoming news indeed.

This is absolutely some great news worth sharing indeed, what this simply means is that aside some other countries that currently hold bitcoin in their government level, one country has been added to the list, this shows that Bitcoin has gone, reached placed and it's taking over gradually, I believe that before the national bank went ahead to purchase bitcoin worth $1 million dollar, the government of the country have given approval, maybe in the next bull run, we should be expecting another country that may likely officially announced bitcoin as a legal tender...

Bitcoin is here to say and no doubt about it, it's true that manipulators may try to make this journey of adoption a bit difficult by manipulating the price of Bitcoin to put fear in the minds of new incoming investors, but surely at the end, bitcoin will surely win..

Good, but the amount is pretty low for a central bank and other European countries are currently not in favor of doing the same.

Exactly, this is nothing significant in neither the local scheme of things or in the grand scheme of things. The only reason why this is news at all is because it is the national bank.

No, it is really not. If you had read some previous replies and clarifications in this thread you would have understood that this is a pilot program with no intent of increasing the quantity of Bitcoin bought. Therefore, this is neutral news at best and no news at all. Let's not turn into shitcoiners who tend to equate pilot programs to actual adoptions or partnership with entities. Once a central bank allocates at least 5 to 10% of their reserves to Bitcoin then we can talk about this being significant in any sense. As it is now, it is almost entirely meaningless.

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The equivalent of this is Satofan44 buying $5 of Bitcoin and you people making a news article about it and clapping like well trained monkeys.  :D

This is very positive news for us in the Bitcoin market. Though $1 million isn’t a huge amount for a national bank but I think the symbolism is what matters. When a central bank takes its first position in Bitcoin, it signals openness to the technology and puts pressure on others to start paying attention.

Prague being a city that's widely known as one of the most Bitcoin-friendly cities in Europe makes this move even more interesting. This move I believe will easily encourage more businesses and institutions in the country to follow.

It's the very first step so I still would consider this a thing, there is a common proverb in my place which if translated to English simply say, "it is by wanting to buy a snuff by the enterance of the market that one ends up entering inside the market", I believe I don't have to explain to you what this means as you should already know..

There is always the first step to all that we do, many of us before we started buying bitcoin with large amount of money first did a test with a small amount, it's like getting a new hardware wallet and before you move all of your bitcoins to it, you first move a small amount to be sure the address is correct and that it will receive the bitcoin successfully..

What I personally assume the Czech national bank have done is test the waters, forget whether or not they are going to be buying more, they definitely will if this one goes well, it's a commendable move regardless of the worth of bitcoin involved, even if it's $500k worth.

with the level and state Bitcoin has become today I don't think that a country using one million dollars in purchasing Bitcoin is no longer a big deal anymore. Because the fact is that Bitcoin is a now a big deciding factor whether a country will stay behind time or ahead of time when it comes to the global changing economic situation. The world is in a cross road right now there is the problem of inflation and economic uncertainty going on in the world and Bitcoin which is a stable asset is one way through which individuals and nations will use in fighting or edging against inflation.


Nations who are foresight has started to make Bitcoin a  national reserve because they know that Bitcoin is one asset that nations can't do away with so for Czech Republic national Bank to know this fact and buying Bitcoin at this present time is a welcome development but is even too late because alot is happening know in the crypto space and progressive nations of the world is buying into it since.

The important part is they defied the EU central bank.

For those who don't remember, they wanted to create a bitcoin reserve last year but Legarde from ECB said no EU countries should invest in unstable assets and some shit like that and they dropped the plan. Also, if I remember correctly, the Czech guy who announced the decision faced some pressure and resigned. So the EU central bank has a lot of influence over the local authorities, but they somehow found a way to get their hands on bitcoin, even if it's just a little bit.

In the meantime, EU is postponing the launch of its CBDC, so all good news.

Good move they did but I'm not impress. You know what is bank? Those guys has millions printed somewhere that if they want to buy Bitcoin, they are going to do it and nobody is going to know they are doing it unless they announced it. We may be seeing price impact if we see large sum of money to Bitcoin but like I said the market will remain the same. I'm not buying this headline to make I as a symbol of happiness, even ordinary institutions but more than that amount daily.

Anyone that want to hit Bitcoin should do what they want, it's not like the country has made a legal tender or there is something unique. We need need something that has never been announced before. By the way, that national bank might be waiting for opportunities to buy and he has one, it's left on how long they are going to hold it for long term, short term or sell off when they are in profit.

Don't get me wrong, it is most certainly better than nothing but it is important to be precise in the evaluation of news in order to avoid making unintended (or in the cases of altcoins, intended) exaggerations. In the EU there are extreme pressures towards the creation of a extreme 1984 slavery system for the citizens, where each and every transaction is tracked and controlled. A single, small central bank pilot is not that significant in this context.

As I have said, if they allocate a real percentage of their reserves towards Bitcoin and do so with a long-term strategy then it would be quite considerable. So far they have stated that there are no plans for increasing this.

No, it is not. Clearly you are not looking at the whole picture. In a few years more extreme restrictions are coming for cash payments. Do you think that they will allow a digital version of cash to operate unrestricted? Whether something is allowed or not is not very relevant if the restrictions for payments get ridiculous. Restrictions are a backdoor ban, so that the sheep don't complain too much.  ;)

I believe other banks have had secretly bought their own stash of bitcoin in the previous years. Of course, they won't admit it at first because it is like against their financial system in some way. But whoever or whichever will join this market is up to them. As everyone is free to join in this market, without judgment or anything, it is now up to you how you will strategize or take advantage this market.

This days I do not really care about anyone buying any amount of bitcoin especially centralized authority, all this are just some minor spies on the really source bitcoin is far beyond celebrating the lazy ass of banks buying some numbers of bitcoin, I don’t even like the idea of banks having anything to do with bitcoin yet it’s to there benefit and not worth my timeline because they all was against the idea now owning it is just trying to sneak in to the side of winners.

Nonsense. Public/national banks and central banks can't do this in secret, legally that would not even be possible. Private banks could, but that is not relevant to this situation here. Anyway some random private bank buying some Bitcoin is the same as some random company buying a small of Bitcoin. People tend to forget that private banks are companies too. That is meaningless. Only if large banks start buying in large quantities could it be something significant. Otherwise it can be ignored. There are many small private banks in the world, most people have no idea just how many there are.

What is this gibberish of a post supposed to be? "This are just some minor spies"?  ::) Everything about Bitcoin is 100% public and transparent, from the code to every single unit in existence (every satoshi). There is nothing to spy on when everything is already available.

The intention of the Czech Republic to invest their money in Bitcoin and crypto is quite good. Even though their goal is to become more familiar with how cryptocurrencies operate, it is one thing that deserves appreciation, because it shows the country's open attitude to making Bitcoin and crypto strategic reserves for their country.

Maybe this will not spread directly to other European countries, but with the addition of one more country which says its interest in making Bitcoin their reserve could have a good impact on the value of Bitcoin in the future.

Maybe we should put the amount they purchased aside and focus more on the positive side, as such a move means a friendly crypto environment for the Czech Nation.

If we are to talk about the amount they invested and purchased as something that involves national the amount is too small is a number even some individuals could cover in a single purchase, bitcoin just need more adoption and acceptance how much a country government tries to grab should not really matter unless when they acquire a high percent of the total supply then we can be afraid of manipulation.

Czech is a European country and also a member of the EU, but they are not part of the Eurozone and use the CZK as their national currency. They have an independent monetary policy, independent of the ECB. Therefore, what they do is irrelevant and does not pose any challenge to the ECB.

Also, it should be noted that they invested $1 million but did not invest all of it in bitcoin. Besides bitcoin, they also bought stablecoins, tokenized deposit, and the total value of these assets is $1 million. It can be said that this is a very small and insignificant amount of money, so I don't think it will create any buzz or any noticeable effect.

The fact that Czech National Bank bought million dollars of Bitcoin is highly important since it shows that they have officially accepted Bitcoin as reserve currency, and it is no longer simple guess. This action of central bank of country makes Bitcoin look more real to other governments and is in line with local trend in Prague, where big number of businesses already accept Bitcoin, which means that this action can cause use of digital assets by more countries and bigger groups in Europe.

Talking about the amount purchasing by Czech National bank not really huge and I think many holder have that amount holding in the wallet, but looking forward have any top Bank want purchase and investing in bitcoin as good news during many top Europe countries not really looking interested for investing in bitcoin. I think most important points of Czech National bank purchase $1 million worth bitcoin as advertising way how to make many top company or other Europe bank interested for investing in bitcoin.

Take points from Czech National bank purchase bitcoin not seeing at how many amount bitcoin invested but looking the impact in the future or their advertising, waiting few moment later which one top Bank allow for purchasing bitcoin after Czech National bank have been invested before.

No they haven’t make bitcoin an official reserve, this purchase was meant to study how bitcoin and crypto works and the blockchain.

Read the quote below to understand their reason for the purchase.

They didn't buy millions, they only used 1 million to buy bitcoin and they also made it clear that this was just a small experiment. They do not invest, speculate or intend to add it to their national reserves.

I don't think this will have any significant impact or boost to bitcoin adoption in Europe or globally in general, especially in terms of its inclusion in national reserves. Honestly, this news is nothing remarkable as they are just testing and have no other plans after that. So don't expect anything big to happen or get too excited about it.

This looks more like some kind of test purchase, they have been saying for a long time that they would like to buy bitcoin for their reserves, and it seems that they have started doing that. But considering how bitcoin is behaving right now, they did not choose the best moment for it. However, if this is the beginning of a bearish market and the price keeps falling while they keep buying, then they will be able to get a better average price. For the Czech Republic this does not mean much yet, it is a step toward bitcoin, but only a small step.

When Bitcoin was first released on the crypto market, many countries opposed it, some countries threatened it, but as time went by, the countries that previously opposed it have now reversed course, they are the ones adopting Bitcoin on a large scale.

What I want to say is, maybe we can see that in the next 2-5 years Bitcoin may become an investment asset for countries that understand digital currency, this means that Bitcoin in the future will be much better than it is now and the rarer it is, the more expensive it will be.

Stop coming up with ridiculous theories like governments, central banks have been secretly buying bitcoin for a long time and they are not announcing it. That cannot happen at the corporate, corporate level, let alone the national level.

Because fundamentally, corporations must publicly report their financial statements to shareholders, investors, and regulatory agencies like the SEC. Meanwhile, for the government and the central bank, there needs to be bipartisan consensus. They cannot quietly use taxes and national budgets to make indiscriminate purchases without the approval of Congress.

Even agreeing to extend spending to reopen the government took more than 43 days. Or passing a "Bitcoin Act" also takes a long time and no country has even achieved that yet. How can they buy bitcoins secretly? Who has the authority to do this when power is divided under the separation of powers rather than concentrated in one person or one body?

I love the new development by the Czech government, it shows they are ready to embrace not just Bitcoin, but crypto currency as perhaps a legal tender or just held in a reserve as investment and wealth strategy and I see more countries rising to the challenge to adopt BTC and have a reserve bank for it for future uses.

Although I am concerned that this move by the Czech government is more or less a small scale test and not a strategic move to add it to their international reserves.
Their CBN has nothing to do with it and still sees Bitcoin as an immature asset.

This test is more to understand the workings and mechanics of cryptocurrency and not a sudden move in its reserve strategy as the U.S openly did.

It's always a good news for the bitcoin communities especially investors that whenever learns that an entity or institutions buys bitcoin in the very large qualities like this one. While such related news may give hope to short term investors that bitcoin price may rise again, it also encourages the people such as the Czech to adopt bitcoin.

We can place a bet on this very move of the Czech bank that in no rim, there's going to be an uprise on crypto adoption because, most citizens may have the interest of investing in bitcoin but due to their governments sanctions or refusal to invest on it, it discourages the people based on trust issues in regards that the market is unregulated and at the utmost peak of decentlization, the skeptics looses the interest to buy and invest on it. But with this that the bank has taken a realistic step to buy, so also the masses will follow suit.

I'd rather see 20 national banks buying 10 than one buying 200.