Czech National Bank Governor Considers Buying Bitcoin To Diversify Reserves
Czech National Bank governor Aleš Michl is considering investing in Bitcoin as part of a potential diversification strategy for the country’s foreign exchange reserves. Michl said in an interview with CNN Prima News that he is considering acquiring “a few Bitcoin.” No Plans In Place Yet For The Czech National Bank To Buy Bitcoin Before the national bank can start buying BTC , it will need to get the approval from its board, which comprises seven members. Janis Aliapulios, one of the advisors to the board, confirmed that the bank is not currently planning a Bitcoin investment when he was asked about a potential acquisition. Nevertheless, Michl is still open to the idea of the bank diversifying its portfolio through BTC. Until this happens, the bank will continue to invest in gold as part of its current diversification plan. Aliapulios said that the bank aims to increase its holdings in the popular commodity to around 5% of its total assets by 2028. ...