Czech central bank chief wants the country to buy billions of dollars in Bitcoin as he claims Trump ‘guys’ have created a bubble.
Jerry
The boss of the Czech Republic’s central bank wants to pump billions of euros of the country’s reserves into Bitcoin, a landmark move that would likely upset fellow European central bankers
Czech National Bank (CNB) governor Aleš Michl floated the idea of his country becoming the first in Western Europe to hold some of its reserves in cryptocurrency, suggesting the CNB could hold up to 5% of its €140 billion ($145.6 billion) in reserves in Bitcoin.
He added that the election of Donald Trump, which has boosted the value of Bitcoin amid deregulation expectations, has created both a bubble and an opportunity.
“Those [Trump] guys can now kind of create some bubble for Bitcoin, but I think the trend would be an increase without those guys as well, because it’s an alternative [investment] for more people.
Source: FORTUNE
