Czech National Bank Considering Bitcoin Investment
The governor of the Czech National Bank, Aleš Michl, is planning to present a proposal to the board to invest in Bitcoin as a strategy to diversify the bank’s reserves.
Potential Bitcoin Investment
- The CNB could hold up to five percent of its €140 billion reserves in Bitcoin if the plan is approved.
Impact of Trump Administration
Aleš Michl also discussed the impact of the Trump administration on the crypto market, noting that despite potential regulatory actions, the Bitcoin trend is expected to continue.
Wider Investor Interest
- Increased investor interest, especially after the introduction of US spot Bitcoin exchange-traded funds (ETFs) last January, has driven further attention to Bitcoin.
Openness to Bitcoin Value Fluctuations
While presenting the plan to the board, Michl expressed his willingness to consider the possibility of Bitcoin becoming worthless, citing past experiences with volatile investments like Enron and Wirecard.