š” The Czech National Bank is considering Bitcoin: up to 5% of reserves may go into
$BTC The head of the Czech National Bank, AleÅ” Michl, suggested analyzing the possibility of investing up to 5% of the country's ā¬140 billion reserves in Bitcoin. The bank's council approved the launch of the analysis ā a decision has not yet been made, but the discussion has already sparked heated debates.
š Whatās happening:
⢠BTC may first enter the structure of EU central bank reserves
⢠Council member Jan KubĆÄek is against it: volatility, legal risks
⢠ECB head Christine Lagarde is also against it, considering BTC an unreliable reserve asset
āļø For now, the ÄNB is just analyzing, but if they decide positively ā it will become a historic precedent in Europe.
For the crypto market ā moderately positive: even the discussion of BTC at the level of central banks indicates its growing status.
Subscribe to find out first: will the ÄNB enter Bitcoin or not? š”
#bitcoin #crypto #CzechRepublic #centralbank #reserves $BTC $ETH $XRP