The head of the Czech National Bank, Alyoš Michl, has announced that he will present a plan to invest in Bitcoin to the central bank’s board. In an interview with the Financial Times, he stressed that the central bank will likely review interest rates next week and reduce them by 25 basis points.
Michl said the plan will be presented to the board of directors on Thursday. If approved, the bank will eventually be able to hold up to 5% of its reserves, or 140 billion euros, in Bitcoin.
“Bitcoin is a good option for diversifying our assets,” he said.
He added that the Bitcoin exchange rate will grow even without the support of US President Donald Trump, as it is an alternative investment for many.
