Czech National Bank Might Buy Billions of Euros Worth of Bitcoin
Ales Michl, the governor of the Czech National Bank (CNB), has told the Financial Times that he will propose buying Bitcoin to the board.
If the CNB's board greenlights the proposal, the national bank could allocate up to 5% of its assets to Bitcoin.
Michl sees Bitcoin as a means of diversifying the bank's assets, which currently stand at more than $146 billion euros.
He pointed to the US-based Bitcoin ETFs launched by financial Bitcoin as a sign of broad investor demand.
As reported by U.Today , Christian Lindner, the former finance minister of Germany, recently spoke in favor of diversifying Germany's reserves with the help of the largest cryptocurrency. He also opined that the European Central Bank (ECB) should buy Bitcoin as well
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trade wars push blockchain into supply chain solutions
Corporations hold $57 billion in Bitcoin
Trump administration walks back tariff ‘exemption’ on electronics
Trump says he’s “flexible” on electronic tariffs, and that more developments are “coming up”
Charles Hoskinson Weighs in: Is Bitcoin Surging to $250K?
Unpacking Charles Hoskinson's Bold Bitcoin Prediction in Light of Current Market Trends
Trending news
MoreCrypto prices
More
