Coinbase’s Head of Institutional, John D’Agostino, anticipates that more Eurozone countries will follow the Czech Republic in acquiring $BTC
. On December 10, he highlighted the Czech National Bank’s pilot program testing Bitcoin for treasury and payment purposes, signaling potential broader adoption across Europe.
Key Points:
The Czech National Bank has launched a $1 million Bitcoin pilot.
D’Agostino views this as part of a wider trend of Eurozone central banks exploring Bitcoin.
The initiative shows increasing institutional acceptance of Bitcoin.
Unlike earlier experiments, such as El Salvador’s, the Czech Republic’s approach is structured, with formal RFPs and vendor selection, indicating serious institutional interest. D’Agostino notes that adoption is driven more by liquidity and market infrastructure than by regulatory clarity.
Looking Forward:
Although not officially endorsing Bitcoin as a reserve asset, D’Agostino suggests that central banks’ experimentation could help normalize Bitcoin in conservative financial sectors. At the time of reporting, BTC was trading at $90,234.