Czech National Bank Governor Proposes Investing €7 Billion in Bitcoin from Foreign Reserves

In a notable shift within traditional finance, the Governor of the Czech National Bank has indicated a potential investment in Bitcoin as part of the country’s management of its substantial foreign exchange reserves. According to a recent report by the Financial Times, the Czech Republic could allocate up to 5% of its impressive €140 billion reserves into Bitcoin, pending necessary approvals. This strategic maneuver highlights a growing trend among national banks to diversify their asset holdings amidst evolving economic landscapes. If realized, this investment could position the Czech National Bank at the forefront of innovation in central banking, signaling confidence in digital assets as a viable component of national reserves.