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TechFlow news, January 31 — According to Business Insider, the Financial Times previously reported that if the proposal put forward by Czech central bank governor Aleš Michl on Thursday is approved, the Czech National Bank could eventually convert 5% of its €140 billion in foreign exchange reserves into bitcoin. Standard Chartered analyst Geoff Kendrick said this would amount to approximately 69,000 BTC at current prices.
According to Business Insider, the Financial Times previously reported that if the plan proposed by Czech central bank governor Aleš Michl on Thursday is approved, the Czech National Bank could eventually convert 5% of its 140 billion euro foreign exchange reserves into bitcoin. Standard Chartered analyst Geoff Kendrick said this would enable the Czech central bank to hold approximately 69,000 BTC at current prices.
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