The Bitcoin reserve plan initiated by Donald Trump, who is expected to take office on January 20, is gradually spreading all over the world.
At this point, while BTC reserves are being discussed in many countries, the latest news came from the Czech Republic. Accordingly, the president of the Czech National Bank (CNB), Aleš Michl, said that they are investigating the purchase of Bitcoin.
Speaking to CNN Nes, Aleš Michl said that they are considering purchasing small amounts of Bitcoin in the future as part of their strategy to diversify their foreign exchange reserves.
Michl noted that the decision to allow BTC purchases must be approved by seven members of the CNB Board of Directors.
“In summary, the CNB is not currently considering purchasing Bitcoin or any other cryptocurrency for its reserves. However, President Michl did not rule out discussing the idea of purchasing crypto,” said Janis Aliapulios, an advisor to the board of directors.
Aliapulios also added that the bank will continue purchasing gold in the near future and plans to increase its gold holdings to around 5 percent of its total assets by 2028.
But government-to-government blockchain expert Anndy Lian said interest in BTC is increasing as governments and institutions reevaluate their financial strategies to include Bitcoin. While this is a positive change, Lian warned that price volatility could pose a risk to national reserves.
*This is not investment advice.
