Czech National Bank governor wants to invest in Bitcoin
If the plan is approved, the CNB could hold up to five percent of its €140 billion reserves in Bitcoin Michl believes the Bitcoin trend will continue even without the Trump administration The governor said he’s open to Bitcoin ending up becoming worthless The governor of the Czech National Bank has said that he’ll present a plan to the board to invest in Bitcoin as a way for the bank to expand its reserves. In an interview with the Financial Times, governor Aleš Michl, who is expected to present the plan on Thursday, said: “For the diversification of our assets, Bitcoin seems good.” If the board approves the plan, the bank could hold up to five percent of its €140 billion ($146 billion) reserves in Bitcoin. Trump impact Michl also pointed to US President Donald Trump’s impact on the crypto market. Last week, Trump signed an executive order for a crypto working group to provide regulatory clarity on crypto. It...