17 hours ago
Governments and central banks, from the United States to Switzerland, are giving Bitcoin serious consideration as an alternative to traditional reserve assets, with the Czech Republic being one of the latest to signal interest. The governor of the Czech National Bank (ČNB), Aleš Michl, has floated Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves. The latest comments signal a growing government interest in cryptocurrency as a savings tool. Czech Republic Joins The Bitcoin Conversation In an interview with CNN Prima News, Michl mentioned the possibility of acquiring “a few Bitcoin” for diversification purposes. However, he went on to clarify that such an acquisition would not constitute a significant investment for the bank. Any decision to purchase BTC would require approval from the ČNB’s seven-member board. The narrative surrounding Bitcoin has shifted significantly after Donald Trump won the election in November 2024. Once a skeptic, Trump has voiced support for Bitcoin as a strategic asset and proposed establishing a US BTC reserve to boost economic stability. Advocates of this plan suggest that Bitcoin’s finite supply could act as a hedge against inflation and a weakening dollar, with prominent supporters like Senator Cynthia Lummis arguing its potential as a valuable addition to national reserves. While critics in Congress have raised concerns, the idea continues to gain traction. Global Shift Toward Bitcoin Internationally, Switzerland is considering a similar step, with the Swiss National Bank exploring the inclusion of Bitcoin alongside gold in its reserves. A referendum could make Switzerland the first nation to adopt Bitcoin as an official reserve asset, aligning with its tradition of being a hub for financial innovation. In Germany, figures like former Finance Minister Christian Lindner have proposed that Bitcoin could help reduce dependency on the US dollar if adopted by the European Central Bank or the Bundesbank. Similarly, Hong Kong is also engaging in this global trend, as legislator Wu Jiezhuang advocated for integrating Bitcoin into financial reserves to ramp up economic resilience in December. This comes months after Legislative Council Member Johnny Ng stated that Hong Kong should follow the United States’ lead if the latter decides to implement a Bitcoin strategic reserve. Russia, too, has taken concrete steps to leverage Bitcoin and other cryptocurrencies for international transactions in a bid to bypass Western sanctions and reduce reliance on the dollar. Meanwhile, Anton Tkachev, a State Duma deputy from the New People Party, officially proposed setting up a strategic Bitcoin reserve in the country. The post Bitcoin as a Reserve Asset? Czech Central Bank Governor Opens the Discussion appeared first on CryptoPotato .
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Investigators to Search Through Do Kwon’s Personal Emails, Twitter Messages and Mobile Devices in Terra Case
New court documents reveal that authorities plan to search through disgraced Terra (LUNA) founder Do Kwon’s personal emails, social media accounts, financial records, and more. According to a new court memo, investigators say they will sift through massive amounts of Kwon’s personal data to gather evidence against him. “The Government anticipates that Rule 16 discovery in this matter will be voluminous, consisting of multiple terabytes of data. The discovery will include the following categories, among others: Search warrants, related affidavits, and materials seized pursuant to those warrants. Some of those warrants relate to accounts or devices used by Kwon, including his business and personal email accounts, his Twitter account, and four of his electronic devices.” Other data that prosecutors will look through include the business records of Terra employees, its partners and investors, trading records from crypto exchanges and written recorded public statements made by Kwon. Kwon, who was recently extradited to the US from Montenegro, is accused of defrauding investors, money laundering and conspiracy related to the multibillion-dollar downfall of the Terra ecosystem and its native tokens, TerraUSD and LUNA. He was initially arrested in Montenegro in March 2023 after he attempted to board a flight to the United Arab Emirates with a fake Costa Rican passport. He was held in Montenegro until the nation’s highest court ruled that he was to be extradited to the US. He is also wanted in his homeland of South Korea for similar charges. If convicted, he potentially faces decades in prison. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/GarryKillian/WindAwake The post Investigators to Search Through Do Kwon’s Personal Emails, Twitter Messages and Mobile Devices in Terra Case appeared first on The Daily Hodl . Crypto Potato
![Tokenized stock will revolutionize the way small and medium-sized companies access capital markets, according to the CEO of Bitwise`s crypto fund manager, Hunter Horsley. And artificial intelligence [AI] could be the tool getting them there, he said in a Jan. 4 X post. Noting that there are about 4,600 public companies in the U.S. and 200,000 businesses with $10 million or more in revenue, Horsley said, “not all companies want to be public, but many simply can’t because it requires immense scale.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io](/image/677ed4926fc80.jpg)
AI Can Help a Long Tail of Micro Companies to Issue Tokens, Bitwise CEO
Tokenized stock will revolutionize the way small and medium-sized companies access capital markets, according to the CEO of Bitwise`s crypto fund manager, Hunter Horsley. And artificial intelligence [AI] could be the tool getting them there, he said in a Jan. 4 X post. Noting that there are about 4,600 public companies in the U.S. and 200,000 businesses with $10 million or more in revenue, Horsley said, “not all companies want to be public, but many simply can’t because it requires immense scale.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io Crypto Potato
