The Czech National Bank (CNB) is considering a historic move to invest up to 5% of its €140 billion reserves in Bitcoin, potentially making it the first major Western central bank to do so. Led by Governor Aleš Michl, this strategy aims to diversify the bank's asset portfolio amidst growing institutional interest in cryptocurrencies. The proposal could see an investment of about €7 billion in Bitcoin, which is significant compared to the current gold holdings. Factors such as increased institutional interest and a favorable regulatory environment contribute to this shift towards digital assets.
For the diversification of our assets, Bitcoin seems good.
This proposed investment could amount to approximately €7 billion in Bitcoin, surpassing current gold holdings of €4.3 billion.
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