PANews reported on January 30 that according to The Block, the board of directors of the Czech National Bank (CNB) has approved a proposal to analyze whether to include Bitcoin in foreign exchange reserves. The bank said that it has gradually diversified its reserve management in recent years and will decide on the next steps after analysis. No investment adjustments will be made during this period. CNB President Aleš Michl revealed that he plans to submit a proposal to invest up to 5% of reserve funds (about 140 billion euros) in Bitcoin. If approved, CNB will become the first central bank known to hold Bitcoin. CNB estimates that holding 5% of Bitcoin over the past decade would increase annual returns by 3.5%, but volatility would also double.
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