7 Billion Euros for BTC? The Czech National Bank's Forward-Looking Proposal and Challenges for Reserve Assets
On January 7, 2025, the Governor of the Czech National Bank, Aleš Michl, proposed a groundbreaking idea to include Bitcoin (BTC) in the country's foreign exchange reserves. This proposal has sparked widespread discussion both domestically and internationally, highlighting the potential of cryptocurrencies as central bank reserve assets. Globally, El Salvador, the first country to adopt Bitcoin as legal tender, has accumulated a Bitcoin reserve of 6,068 units, valued at over $554 million, demo...