Czech National Bank To Consider Bitcoin Reserve Strategy
The governor of the Czech National Bank, Aleš Michl is now considering establishing a Bitcoin reserve strategy in the future. According to Michl in an interview with CNN Prima News, he is considering acquiring “a few Bitcoin” for diversification. Although the investment wouldn’t be a significant one for the bank, it does open the doors for a potential Bitcoin reserve. Multiple countries around the world are considering adopting Bitcoin into their financial reserves, as the leading cryptocurrency by market cap continues to climb in value. The token exploded to a new ATH of $100,000 this past year, and is expected to continue rising in the near future. As countries look for alternatives to fiat, including the US dollar, cryptocurrency is gaining traction. The Czech National Bank’s board, composed of seven members, would need to approve any decision to acquire Bitcoin. When asked about a potential acquisition, Janis Aliapulios, an adviser to the board, stated that the bank is not cu...