Czech National Bank Wants To Invest 5% Of Reserves In Bitcoin

2025-01-29 19:19:47

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Czech National Bank (CNB) Governor Aleš Michl has proposed allocating 5% of the bank’s 140 billion euro reserves to Bitcoin.

Governor Michl will present a proposal to the board on Thursday to invest in Bitcoin as a strategy to diversify the CNB’s reserves, according to a report by the Financial Times.

Despite Bitcoin’s “extreme volatility and limited track record,” Michl said investors’ growing interest in Bitcoin fueled his decision to diversify CNB’s reserves with the king of cryptos. He poi

BTC2,03%

S6,45%

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