The head of the Czech Central Bank is about to take a step that could not be imagined just a few years ago - he wants to add bitcoin to the country's reserves.

The Governor of the Czech National Bank (CNB) Alex Michl will present a proposal this Thursday that can see up to $ 7 billion from the country's wealth to encryption, making it the first Western Central Bank to hold encryption assets.

"In order to diversify our origins, Bitcoin looks good." He said In an interview with Financial timesWith acknowledgment that his position is different from other central bankers when it comes to encryption.

The proposal follows an increase in institutional interest in Bitcoin after Blackrock and other companies have launched the circulating investment funds. Michel is also martyred by US President Donald Trump A friend of encryption And the increasing effect of executives of digital assets in its administration.

This is not the first time that the country has issued encryption addresses. In December, Parliament issued legislation unanimously Bitcoin exemption More than three years of capital profit tax was held.

Earlier this month, Michael was transferred Bassem Saying He considered the adoption of bitcoin as a reserve on foreign currencies.

The broader policy movements in the euro area are also formed in the background.

Last week, the European Central Bank indicated its willingness to multiple price discounts in 2025, when European Central Bank President Christine Lagarde indicates a "gradual" approach towards cash dilution, according to what he said. Reports from Reuters and CNBC From Davos.

Policy makers throughout Europe are scheduled to agree to the discounts on January 30.

CNB has already carved a position in central banking services with its investment strategies. Explain its unique approach, Michael explained how CNB allocations differ from other central banks.

Currently, CNB specializes 22 % of its stock portal - which has been assigned to stocks in the United States of Technology such as Apple and Microsoft.

This is more than most other central banks, which are usually played with safe with government bonds. They are planning to clean this up to 30 % by 2029, and they are betting on stocks to enhance returns, Michel participated in the interview.

Meanwhile, most central banks remain skeptical of encryption investments.

The US Federal Reserve confirmed in December that Bitcoin does not keep, while European Central Bank officials Preserve In February last year, the "fair value" of Bitcoin "is still zero", and responded to the approval of the instant bitcoin boxes a month ago.

Looking at these, Michl admitted the potential dangers, noting that Bitcoin may end up or achieve a "very wonderful value".

Michael pointed out that this step aims to diversify reserves, instead of speculating only, saying,

"My goal is to diversify the wallet, so if Bitcoin is good, let us get it," said Michel.

The bank is no longer immediately Decoder Request to comment.

Edit Stacy Elliot.