According to Czech Central Bank Chief Michl, Bitcoin Must Not Be ‘Classified’ with Cryptocurrencies.

Czech Central Bank Chief: Bitcoin Stands Apart from the Crypto Market

Czech National Bank Governor Ales Michl has reinforced his position on Bitcoin (BTC), arguing that it should not be treated as just another cryptocurrency. His latest remarks come as he continues to advocate for studying Bitcoin as a potential addition to the central bank’s reserves.

In a recent post on X, Michl addressed the instability of the broader crypto market, noting that while some projects will thrive and others will collapse, Bitcoin remains in a category of its own. “Bitcoin, however, is a different story. It should not be lumped together with other crypto assets,” he stated.

His comments follow a wave of recent turmoil in the crypto sector, including the intensifying memecoin speculation and alleged rug pulls involving figures such as Binance founder Changpeng Zhao and Argentine President Javier Milei.

Michl first drew attention from the Bitcoin community last month when he proposed that the Czech National Bank explore alternative assets—Bitcoin included—for possible inclusion in its reserves. The bank’s board approved the initiative, but Michl emphasized that this is merely the beginning of the research phase.

“We central bankers have a responsibility to study Bitcoin and the technology it is built on,” he said. “Gaining knowledge about Bitcoin won’t weaken us—if anything, it will make us stronger.”

His continued endorsement of Bitcoin suggests that its potential role in national reserves remains an ongoing discussion within the Czech financial system