Czech National Bank Governor Aleš Michl has proposed that the bank invest 5% of its reserves, equating to €7 billion, in Bitcoin. This initiative marks a pioneering move among central banks, reflecting growing institutional interest in cryptocurrency.
The proposal parallels former U.S. President Donald Trump's executive order to create a U.S. digital asset stockpile, indicating a trend among nations to explore digital asset reserves. Analysis suggests that adding 5% Bitcoin to the Czech National Bank's portfolio could have significant impact, highlighting the increasing significance of cryptocurrencies globally.