The Czech Central Bank plans to vote for a decision of $ 7 billion in Bitcoin reserve proposals, and the financial minister warns BTC fluctuation risk

Panews January 30 news, according to Bloomberg, the Czech Republic of China (CNB) will vote for a $ 7 billion Bitcoin reserve today, but the Czech Minister ZBYNEK STANJURA warns the high volatility of Bitcoin and believes that it will not be not. Meet the requirements of the central bank's stability.

CNB President Alec Michl plans to invest in Bitcoin with a maximum of 5%of reserves, and pointed out that since the launch of BTC spot ETFs such as BLACKROCK, the market's interest in Bitcoin has continued to increase. However, he also acknowledged the high volatility of BTC and said that he still needs to further evaluate his potential role in the central bank's reserves.

If the proposal is approved, CNB may hold at least $ 7 billion in Bitcoin, accounting for a total of $ 146 billion in its total reserves. The proposal has received certain support in the Czech local industry. Trezor analyst Lucien Bourdon said that the Czech Republic has long been a forefront of Bitcoin innovation, including the world's first mining pool, hardware wallet and large Bitcoin conference.

At the same time, US legislators are promoting Bitcoin reserve plans at multiple states and federal levels. Senator Cynthia Lummis has called on the United States to establish a strategic BTC reserve before the Czech Republic. In addition, the European Central Bank governor Ragard today reiterated that Bitcoin will not enter the EU official reserve.