A central bank of a country will hold Bitcoin in its reserves

According to a report by the Financial Times, the Czech National Bank is considering holding Bitcoin in its reserves.

In an interview published by the Financial Times on Wednesday, Czech National Bank President Ales Michl stated that he plans to present a proposal for investing in Bitcoin to the bank’s board of directors. He also mentioned that it is “very likely” the bank will reduce interest rates by 25 basis points next week.In his comments featured in the Financial Times, Michl revealed that he will present the plan to the board on Thursday, and if approved, the bank could allocate up to 5% of its €140 billion reserves to Bitcoin. Michl noted, “Bitcoin appears to be a good option for diversifying our assets.”