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BitcoinSistemi 2025-01-29 12:19:08

Another European Country Plans to Add Bitcoin to Its Central Bank Reserves! Here Are the Details

Another European Country Plans to Add Bitcoin to Its Central Bank Reserves! Here Are the Details

The Czech National Bank (CNB) is considering adding Bitcoin (BTC) to its reserves as part of its diversification strategy. Czech Central Bank Discusses Adding Bitcoin to Reserves Central Bank Governor Ales Michl will present a proposal to the bank’s board of directors on Thursday, which, if approved, would allocate 5% of the central bank’s $146.13 billion reserves to the world’s largest cryptocurrency. “Bitcoin looks good for diversification of our assets,” Michl said, noting that institutional interest in Bitcoin has increased, especially after BlackRock and other major asset managers launched spot Bitcoin exchange-traded funds (ETFs) last year. The move would make the Czech National Bank one of the first major central banks to include Bitcoin in its reserves, but the bank has yet to formally approve the plan and it remains unclear whether its board of directors will approve the proposal. If the Czech central bank continues investing, it would signal a significant shift in global monetary policy trends, as central banks traditionally hold reserves in fiat currencies, gold and government bonds. The decision could pave the way for other central banks to explore Bitcoin as part of their reserve strategies. *This is not investment advice. Continue Reading: Another European Country Plans to Add Bitcoin to Its Central Bank Reserves! Here Are the Details

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