Wahala Dey ontop Bitcoin Money: Czech Republic Dey Para Skeptic, Russian Oga-economist Dey Give Warning
Czech National Bank, wey Governor Ales Michl dey lead, dey consider Bitcoin among other asset classes for reserves, but dem dey face doubt because of legal uncertainties and how e dey change anyhow, as senior official Jan Kubicek point out. Russian economist Valentin Katasonov even talk say e dey worry am about Russia wey dey think of using national Bitcoin reserve, say e dey risky for economy and na just gamble. Central Bank of Russia dey like gold and yuan pass now, even though government dey argue inside about cryptocurrency reserves. All these things show say people still dey fear to put Bitcoin inside national reserves, and dem dey remember how people bin dey criticize Bitcoin for countries like El Salvador.
Bearish
Czech and Russian people dey show serious doubt about Bitcoin as national reserve asset because e dey change price anyhow and people dey just gamble with am. Czech National Bank dey study am, and Russia Central Bank don reject Bitcoin, say dem prefer gold wey dey stable. Dem say dem like wetin don dey before wey no dey change anyhow. This kind mind wey big financial people get fit make people no too like Bitcoin as national reserve, and e fit make market bad. Since before, when big money people dey fear Bitcoin, market dey always fall, like wetin happen when El Salvador accept Bitcoin.