Central banks of various countries are using Bitcoin as a transaction and as a holding. This is definitely a positive aspect for Bitcoin, because if central banks support Bitcoin, the people of that country will be attracted to Bitcoin holding. Various officials including the government will also be involved in this Bitcoin holding, they will grasp Bitcoin more.
Which Central Banks are you referring to?
Apart of the Czech Central Bank, which bough a scrap of Bitcoin, most likely a test, I am not aware of other CB’s holding Bitcoin, or any other digital asset (namely, schitcoin).
Even Aleš Michl has confirmed that they are only testing this in preparation for the possibility of greater adoption and to gain experience in the digital market.
They have also confirmed that they will not add any amount to their current portfolio because they think 1 million is enough to test and evaluate in the next 2 or 3 years as initial progress.
I came up with the idea of creating a test portfolio in January 2025. The aim was to test decentralised bitcoin from the central bank’s perspective and to evaluate its potential role in diversifying our reserves. The Bank Board then decided to have an analysis prepared. Subsequent internal discussions broadened the scope to include the future of payments and the tokenisation of assets. As a result, stablecoins and tokenised deposits were included alongside bitcoin. We will inform the public about our experience on an ongoing basis and present an overall assessment of the project in approximately two to three years,” said CNB Governor Aleš Michl.