Czech national bank thinks about Bitcoin as a diversification strategy

in LeoFinanceyesterday

Another country

After Brasil, Russia, Poland, El Salvador and the USA, now another European country is contemplating buying Bitcoin as a strategic reserve for their central bank.

The Czech Republic has plans to have 5 % of their assets in gold by the end of 2028. But the outperformance of Bitcoin compared with gold has caught their attention, the Czech national bank is thinking of diversifying with the so wanted cryptocurrency.

Not all people at the bank are convinced yet, but it seems that it is only a matter of time before it is a reality.

Cryptocurrency is clearly in a completely different ballgame at this time compared to just a few years ago. We can only guess where this is heading!

Sincerely,

Pele23

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That's encouraging news. the whole world should adopt crypto already.