The Governor of the Czech National Bank (CNB), Ales Michl, will propose a plan to invest in Bitcoin for the national reserves this Thursday. If approved, the CNB could allocate 5% of its total reserves of 146.13 billion USD to the world's largest cryptocurrency.
Bitcoin - A Diversification Asset?
In an interview with
#FinancialTimes (FT), Michl stated that Bitcoin is an asset worth considering to diversify the bank's investment portfolio. He emphasized that Bitcoin currently has an almost zero correlation with bonds, making it an interesting option for a large investment portfolio.