{"id":46288,"date":"2025-01-29T10:29:12","date_gmt":"2025-01-29T10:29:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/czech-national-bank-governor-wants-to-invest-in-bitcoin\/"},"modified":"2025-01-29T10:29:12","modified_gmt":"2025-01-29T10:29:12","slug":"czech-national-bank-governor-wants-to-invest-in-bitcoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/czech-national-bank-governor-wants-to-invest-in-bitcoin\/","title":{"rendered":"Czech National Bank governor wants to invest in Bitcoin"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bitcoin-piles-laying-on-computer-with-Bitcoin-logo-on-screen-4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bitcoin-piles-laying-on-computer-with-Bitcoin-logo-on-screen-4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bitcoin-piles-laying-on-computer-with-Bitcoin-logo-on-screen-4-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Bitcoin-piles-laying-on-computer-with-Bitcoin-logo-on-screen-4-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">If the plan is approved, the CNB could hold up to five percent of its \u20ac140 billion reserves in Bitcoin<\/li>\n<li aria-level=\"1\">Michl believes the Bitcoin trend will continue even without the Trump administration<\/li>\n<li aria-level=\"1\">The governor said he\u2019s open to Bitcoin ending up becoming worthless<\/li>\n<\/ul>\n<p>The governor of the Czech National Bank has said that he\u2019ll present a plan to the board to invest in Bitcoin as a way for the bank to expand its reserves.<\/p>\n<p>In an interview with the <a href=\"https:\/\/www.ft.com\/content\/a3c06f8f-34ad-4065-bcf4-97670230824f\" target=\"_blank\" rel=\"noopener\">Financial Times<\/a>, governor Ale\u0161 Michl, who is expected to present the plan on Thursday, said: \u201cFor the diversification of our assets, Bitcoin seems good.\u201d<\/p>\n<p>If the board approves the plan, the bank could hold up to five percent of its \u20ac140 billion ($146 billion) reserves in Bitcoin.<\/p>\n<h2>Trump impact<\/h2>\n<p>Michl also pointed to US President <a href=\"https:\/\/coinjournal.net\/search\/Donald+Trump\">Donald Trump\u2019s<\/a> impact on the crypto market. Last week, Trump <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-signs-executive-order-for-crypto-working-group-to-provide-regulatory-clarity\/\">signed an executive order<\/a> for a crypto working group to provide regulatory clarity on crypto. It\u2019s also expected to look into a national Bitcoin stockpile.<\/p>\n<p>Despite believing that the Trump administration could \u201ccreate some bubble for Bitcoin,\u201d Michl added that the Bitcoin trend \u201cwould be an increase without those guys as well, because it\u2019s an alternative [investment] for more people.\u201d<\/p>\n<p>Since being re-elected to the White House, Trump has appointed several pro-crypto candidates to top positions. Paul Atkins is expected to become the chair of the <a href=\"https:\/\/coinjournal.net\/news\/donald-trump-selects-pro-crypto-paul-atkins-to-be-the-next-us-sec-chair\/\">US Securities and Exchange Commission (SEC)<\/a>, a position previously held by Gary Gensler.<\/p>\n<h2>Wider investor interest<\/h2>\n<p>Michl pointed to the increased investor interest, thanks to the introduction of US spot <a href=\"https:\/\/coinjournal.net\/search\/Bitcoin+ETFs\">Bitcoin exchange-traded funds<\/a> (ETFs) last January.<\/p>\n<p>Yet, while the governor is presenting a plan to the board, he said that he was open to Bitcoin becoming worthless.<\/p>\n<p>\u201cIt\u2019s possible to have a big range of outcomes, that Bitcoin will have a value of zero or an absolutely fantastic value\u2009.\u2009.\u2009.\u2009but in our history we have also had some stocks like Enron or the payment company Wirecard, so we have some experience with bad investments, so, yes, I\u2019m ready [for a possible Bitcoin collapse].\u201d<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/czech-national-bank-governor-wants-to-invest-in-bitcoin\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) If the plan is approved, the CNB could hold up to five percent of its \u20ac140 billion reserves in Bitcoin Michl believes the Bitcoin trend will continue even without the Trump administration The governor said he\u2019s open to Bitcoin ending up [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":46289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46288"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=46288"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/46289"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=46288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=46288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=46288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}