Czech Central Bank approves the evaluation of Bitcoin investment and reserves

Panews January 30 news, according to The Block, the Czech National Bank (CNB) board of directors has approved a proposal to analyze whether Bitcoin is included in foreign exchange reserves. The bank stated that in recent years, it has gradually diversified reserves and will decide the next steps after analysis. During this period, no investment adjustment will be made. CNB President Alec Michl revealed that he plans to submit a proposal to invest 5%of reserve funds (about 140 billion euros) to invest in Bitcoin. If it is approved, CNB will become the first central bank known to hold Bitcoin. CNB predicts that if 5%Bitcoin is held in the past ten years, the annual return rate can increase by 3.5%, but the volatility will be doubled.