The Governor of the Central Bank of the Czech Republic is considering Bitcoin as a strategic reserve

The Governor of the Czech National Bank (CNB), the Czech Republic’s central bank, Aleš Michl, said that the bank is considering using $BTC #Bitcoin as a reserve currency.

In an interview with CNN Prima News, Governor Michl said that the bank is considering investing a small portion of its central bank funds in Bitcoin as a diversification asset.

The Czech Republic joins the list of countries that see potential in Bitcoin

Bitcoin’s status as a treasury reserve asset has continued to gain momentum as countries around the world recognize the cryptocurrency’s potential as a store of value. Institutional entities are also looking into the digital asset, with major firms steadily turning to cryptocurrencies.

However, Governor Michl clarified that the proposal has not yet been approved. There are seven members on the CNB board of directors, and Michl will need the approval of all of them to implement the plan.