President of the Czech Central Bank "Wants to Buy 7 Billion Euros" in Bitcoin: Expects to use 5% of central bank reserves to invest in BTC

According to a report in the UK's Financial Times, Aleš Michl, the governor of the Czech National Bank (CNB), said in an interview that he plans to submit a proposal to the board this Thursday (30th) to invest up to 5% (70 billion euros) of the 1.4 trillion euros the CNB owns in Bitcoin. "Bitcoin seems to be a good choice to diversify our portfolio." Michl explained that while Bitcoin has very high volatility and is a relatively new asset, since the launch of Bitcoin spot ETFs by asset management giants like BlackRock in 2024, market interest in this asset has been increasing. Michl also said that the positive attitude of US President Trump towards cryptocurrencies like Bitcoin will help expand its influence and increase its adoption, so he believes that Bitcoin is a good choice to diversify his investment portfolio. "To diversify our assets, Bitcoin seems to be a good choice. Trump and others may create new growth opportunities for Bitcoin, but I think even without them, Bitcoin will still show an upward trend, because BTC is an alternative investment for more people." "I'm a typical investment banker, I like to make a profit." More central banks to follow? Michl believes that if his plan is approved, more central banks may follow his lead and start investing in Bitcoin, changing their traditional strategies. "Compared to other central bank governors, I'm certainly a pioneer. Within the next five years, just as some funds and commercial banks have recently started changing their strategies to invest in cryptocurrencies, more central banks will start to accept and buy Bitcoin." However, it is worth noting that some central bank officials in Europe are still taking a cautious attitude towards Bitcoin. For example, the president of the German Bundesbank, Joachim Nagel, recently compared Bitcoin to the digital tulips, alluding to the tulip bubble in the Netherlands in the 17th century. In addition, an ECB official also pointed out last year that Bitcoin is not suitable as a means of payment or investment tool.