Aleš Michl, governor of the Czech National Bank (CNB), intends to propose a Bitcoin reserve plan worth billions of euros. For Michl, Bitcoin is an asset to consider in the diversification of reserves.
Czech National Bank and the proposal to diversify reserves by involving Bitcoin
Aleš Michl, the governor of the Czech National Bank (CNB), has proposed a Bitcoin reserve plan worth billions of euros.
This is a strategy for diversifying the CNB’s reserves that could therefore consider BTC as an asset.
The plan will have to be approved by the Bank’s Board of Directors on January 30. Until then, the proposal to include Bitcoin as part of its strategy for diversifying the country’s foreign exchange reserves, is under review.
Czech National Bank could hold up to 5% of its reserves in Bitcoin
The proposal in the hands of the Board of Directors of the Czech National Bank talks about a diversification of its currency reserves, allocating 5% to Bitcoin.
This means that, if the plan were to be approved, the bank could hold over 7 billion dollars in BTC.
Continuing with his interview, then, Michl emphasized the impact of USA President Donald Trump on the crypto market.
Despite believing that the Trump administration could “create a bubble for Bitcoin,” Michl added that the trend of Bitcoin “would be on the rise even without these subjects, because it is an alternative [investment] for more people”.
The strategy of Metaplanet
Speaking of reserves in Bitcoin (BTC), just today the new corporate strategy of Metaplanet also emerged.
The financial consulting company based in Japan aims to become among the major holders of BTC.
In this regard, Metaplanet has announced that it aims to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by the end of 2026.