Czech $7B Bitcoin reserve proposal sparks criticism over BTC volatility
Czech National Bank is set to vote on a $7 billion Bitcoin reserve proposal, but Finance Minister Stanjura warns against BTC’s volatility.
As the Czech National Bank (CNB) is set to address a proposal on setting up a $7 billion Bitcoin reserve, the Czech Finance Minister has expressed concerns about the potential move.
Czech Finance Minister Zbynek Stanjura has warned against CNB’s proposal to consider investing up to 5% of its reserves in Bitcoin (BTC), Bloomberg reported on Jan. 30.
The official specifically cautioned against Bitcoin’s highly volatile nature, which does not align with the stability promised by central banks.
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Author: Helen Partz
