Czech National Bank Considers Bitcoin for Reserve Diversification
- The Czech National Bank is considering investing in bitcoin.
- Governor Ales Michl plans to present a bitcoin investment proposal to the board.
- If approved, 5% of the bank’s $146.13 billion reserves could be allocated to bitcoin.
- Michl cites increased investor interest in bitcoin following spot ETF launches.
The Czech National Bank is exploring the possibility of diversifying its reserves by allocating up to 5% of its $146.13 billion into bitcoin, as proposed by Governor Ales Michl. This move comes amid rising investor interest in cryptocurrency.
Source (2.6)https://www.coindesk.com/markets/2025/01/29/czech-central-bank-governor-to-present-plan-to-add-bitcoin-to-its-reserve-ft?rand=52298
