Czech Republic The National Bank is considered 7 billion euros of Bitcoin Investment, an honest discussion

After the Board of the Czech National Bank (CNB), he approved a proposal for analyzing the options for investing part of his reserves in Bitcoin (BTC), Governor Aleš Michl attracted mixed answers. With about 7 billion euros on the line, which is 5 percent of the CNB international reserves that will probably invest in Bitcoin, various reactions have emerged from the various sectors in the compatriots from European nations.

For example, the European President of the Central Bank Christine Lagard rejected the idea of ​​central banks in the block that Bitcoin adopted as a strategic spare property. Lagard recently noticed that Bitcoin does not meet all the installed criteria for property that will be included in the bank’s reserve.

Moreover, Michl admitted that Bitcoin is extremely volatile and its value can one day be a zero or a very huge number.

“Of course, if you compare my position with other bankers, then I’m the one entering the jungle or pioneer. I used to take an investment fund, I would like to be a profitability,” Michl.

However, the Crypto community is the Czech Republic National Bank championship to adopt bitcoin as a strategic spare property.

Changing the rhythm

Donald Trump Administration launched a potential revolution for the United States using the emerging technology conducted by BlockChain and artificial intelligence. Already 22 states in the United States have introduced an account for the reserve diversification in Bitcoin, and the advantage of the Federal Federal Government.

The main adoption of Bitcoin has convinced several global central banks by institutional investors to consider digital assets in the near future.

Moreover, El Salvador has achieved significant steps with their Bitcoin strategy despite the winds caused by the IMF.