The Governor of the Czech National Bank (CNB), Aleš Michl, has proposed a significant shift in the country's reserve management strategy by incorporating Bitcoin. According to the Financial Times, Michl suggested that the CNB should allocate 5% of its €140 billion reserves into Bitcoin, a move that would equate to a €7 billion investment.
Michl believes that Bitcoin's long-term value justifies the investment, positioning it as a strategic asset in the diversification of the country's reserves. This proposal, if implemented, could mark a notable shift in how national banks view cryptocurrencies as part of their financial strategy.
