The Governor of the Czech National Bank (CNB), Aleš Michl, is proposing to invest up to $7 billion in Bitcoin, potentially making the Czech Republic the first Western nation to hold crypto in its reserves. Michl sees Bitcoin as a diversification tool for the country’s assets, following rising institutional interest and the success of spot Bitcoin ETFs. The proposal comes after Czech lawmakers passed legislation exempting Bitcoin from capital gains tax if held for over three years. While central banks generally remain cautious about crypto, Michl acknowledges Bitcoin's volatility and potential for both high risk and high reward. Which country do you think will be the last to adopt a strategic Bitcoin reserve? Source: Decrypt
2