Luxembourg Minister Says Sovereign Bitcoin Bet Is Here to Stay; Czech Central Bank Starts Pilot
Luxembourg's finance minister publicly backed Bitcoin as a long-term sovereign holding, revealing the country's sovereign wealth fund already holds a 1% allocation and calling the position 'completed.' He added he expects other nations to follow, citing Michael Saylor's line that there is 'no 2nd best' store of value. The statement helped lift demand and sentiment across European crypto markets by signaling that government-level allocations can be part of strategic reserve management.
At the same time the Czech National Bank announced its first digital-asset pilot, marking another institutional step toward exploring crypto infrastructure and regulation in the EU neighborhood. Together these moves matter because sovereign interest and central-bank experimentation can reduce perceived policy risk and encourage broader institutional adoption, even as allocations remain modest and framed as long-term investments rather than active trading strategies.