The Governor of the Czech National Bank, Aleš Michl, will present a Bitcoin investment plan at the board meeting on Thursday. If approved, the bank will allocate 5 percent of its reserves ($146.13 billion) into cryptocurrency. Michl noted that Bitcoin could be interesting for asset diversification as it does not correlate with bonds. However, due to the high volatility of cryptocurrencies, Michl emphasized the need for additional analysis before making a final decision.
1/29/2025 12:50:27 PM (GMT+1)
The Governor of the Czech National Bank will propose investing 5 percent of its reserves in Bitcoin: the plan will be presented at the board meeting on Thursday for further analysis and discussion 📊
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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