11 hour ago
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Czech National Bank Bitcoin Pilot May Influence Eurozone Adoption
The Czech National Bank is conducting a Bitcoin experiment, testing its use in the national treasury and for payments. This pilot, involving a million dollars of [Bitcoin](https://holder.io/coins/btc/), could influence other Eurozone countries to follow suit.
Key Points:
- The experiment is notable not for its size but because it involves a stable Eurozone country.
- This move contrasts with previous experiments like El Salvador’s, as it follows a formal process including RFPs and vendor selection.
- John D’Agostino from Coinbase suggests that institutional adoption hinges more on liquidity and credible market structures than regulatory clarity.
- [Bitcoin spot ETFs](https://holder.io/coins/btc/) have introduced structurally compelled participants to the market, acting as a stabilizing force.
- D’Agostino implies this central bank experiment might normalize Bitcoin within the conservative monetary system.
- Institutional adoption is seen as gradual erosion rather than a sudden wave.
If the Czech initiative spreads, this gradual adoption could extend within the Euro system itself. At the time of reporting, [BTC](https://holder.io/coins/btc/) was trading at $90,234.
