🚨 Czech Central Bank’s Wild Bet on Bitcoin: 5% Reserves?! 🤑💰
The Czech Republic’s Central Bank is taking a splash into the volatile world of cryptocurrency, with plans to allocate 5% of their reserves to Bitcoin, because, why not?
CNBC reports that Michl, the Central Bank’s top bod, doesn’t mind that Bitcoin is a rollercoaster, seeing it as a chance to spice things up in the asset mix, especially after seeing other top dogs like BlackRock and MicroStrategy get in on the action.
Unlike some other old-school central bankers though, he’s not crazy – he’s aware that the value of Bitcoin could tank. But he’s ready to risk it for the thrill. The belly of the beast awaits!
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2025-01-29 15:32