The Czech central bank considers a historic investment: billions of euros in Bitcoin

According to hvylya.net: The head of the Czech National Bank plans to invest the country's reserves in Bitcoin, which could make it the first Western central bank to hold crypto assets.

Head of the central bank Ales Michl stated that he would present a plan for investing in Bitcoin as a way to diversify the CNB's reserves at a board meeting. If the board of directors supports this plan, the CNB could hold up to 5% of its reserves in Bitcoin, which amounts to about 140 billion euros.

'To diversify our assets, Bitcoin seems good. The trend of its growth will continue, regardless of those who criticize it,' said Michl.

Typically, central banks hold their reserves in conservative assets such as US bonds. Michl differs from his colleagues as he considers Bitcoin an interesting investment asset.

Some experts believe that if the Czech National Bank had held 5% of its reserves in Bitcoin over the last decade, the yield would have increased by 3.5%, although volatility would have also increased.

The central bank's reserves of 140 billion euros account for 45% of the Czech Republic's GDP. The CNB plans to increase the share of US stocks in its portfolio from 30% to 50% over the next three years.