Czech Central Financial institution Governor to Current Plan to Put money into Bitcoin: Report

Czech Nationwide Financial institution Governor Ales Michl stated in an interview with Monetary Instances (FT) that he’ll current a bitcoin funding plan to the board on Thursday, which, if accepted, may see the apex financial institution diversify 5% of its $146.13 billion reserves into the main cryptocurrency by market worth.

“For the diversification of our belongings, bitcoin appears good,” Michl stated, based on an interview printed by the FT and quoted by Reuters.

Michl pointed to broader investor curiosity within the cryptocurrency since BlackRock and others debuted spot ETFs a yr in the past.

The central financial institution didn’t instantly reply to CoinDesk’s request for remark.