Czech Central Bank Governor proposes to invest billions of euros in foreign exchange reserves into Bitcoin

The Czech Central Bank Governor hopes to invest billions of euros in the country's foreign exchange reserves into Bitcoin, a breakthrough move that could make it the first Western central bank to hold cryptocurrency assets. Central Bank Governor Alessi Michl stated that he will submit a plan to invest in Bitcoin to the board of directors at a meeting on Thursday to diversify the central bank's reserves. He stated that if the board approves this proposal, the Czech Central Bank may ultimately hold 5% of its 140 billion euros in foreign exchange reserves in the form of Bitcoin. （FT）