Czech Central Bank May Invest 5% of Reserves in Bitcoin
- The Czech National Bank’s head, Aleš Michl, proposes investing 5% of reserves in Bitcoin.
- The proposal involves up to €140 billion ($146 billion) in reserves.
- If approved, it could be the first Western central bank to hold cryptocurrency.
- Michl cites Bitcoin’s growing adoption and potential for higher returns.
- Bitcoin was trading at $102,547 at the time of reporting.
Aleš Michl plans to propose a strategy to invest up to 5% of the Czech National Bank’s €140 billion reserves in Bitcoin. This move could make it the first Western central bank to adopt cryptocurrency as part of its reserve assets.
Source (2.6)https://dailyhodl.com/2025/01/29/head-of-czech-central-bank-proposes-investing-5-of-countrys-reserves-in-bitcoin-btc/?rand=59076
