Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
coinpedia 2025-01-29 08:24:30

Czech National Bank Plans to Invest 5% of Country Reserve into Bitcoin

Czech National Bank Plans to Invest 5% of Country Reserve into Bitcoin

The post Czech National Bank Plans to Invest 5% of Country Reserve into Bitcoin appeared first on Coinpedia Fintech News The Governor of the Czech National Bank (CNB), Ales Michl, is planning to invest 5% of the country’s reserves of €140 billion ($146.13 Billion) into Bitcoin. This could make the CNB the first major Western central bank to hold crypto. With Bitcoin is now ranked 7th among the world’s top assets, with a market cap of $2 trillion, which makes BTC a crucial asset for central banks to invest in. Why Is the CNB Interested in Bitcoin? Ales Michl sees Bitcoin as a way to make the CNB’s reserves more diverse. Traditionally, central banks stick to safe investments like U.S. government bonds. But Michl, with his background in investment, believes that Bitcoin could offer high returns. Although Michl recognizes Bitcoin’s risk due to its “extreme volatility,” he also sees its growing popularity, especially after companies like BlackRock started offering Bitcoin exchange-traded funds (ETFs). Looking at the Bitcoin Year-to-date performance, it has seen a surge of almost 144% with its price hitting an ATH of $110k. If Michl’s proposal is approved, the CNB could be leading the way for other central banks to consider Bitcoin as part of their reserves . Bitcoin’s Impact on Central Bank Reserves With the CNB’s €140 billion in foreign reserves, a 5% investment in Bitcoin could have a big impact on the cryptocurrency market. Bitcoin’s price could rise or fall depending on how much the CNB decides to invest. So far, the CNB has already invested in stocks, and Bitcoin could be the next step in diversifying its holdings. Could Other Central Banks Follow? Michl further suggests that other central banks might start looking into Bitcoin in the next few years. While Bitcoin is still seen as risky by many central banks, some commercial banks and pension funds have started to include cryptocurrencies in their portfolios. He also believes that Bitcoin’s rising popularity among individual investors, as well as institutional interest, could help the digital currency grow in value. Michl’s Views On Monetary Policy Along with his views on Bitcoin, Michl also has strong opinions about the Czech Republic’s currency. He thinks having control over the country’s monetary policy allows the Czech Republic to handle inflation and other financial challenges more effectively.

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
582
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.