Czech central bank wants to buy BILLIONS of dollars in Bitcoin (Patreon)

The Czech central bank is looking to purchase billions of dollars worth of Bitcoin. The head of the bank is advocating for an investment where 5% of the nation's $146 billion in reserves would be allocated to Bitcoin. Some of it Gold!

The bank currently manages approximately $146 billion in official reserve assets, with $138 billion in foreign exchange reserves and $4.3 billion in gold.

There is a proposal to allocate up to 5% of these reserves to Bitcoin, which equates to about $7.3 billion or roughly 71,568 BTC. This amount represents roughly 160 days of Bitcoin supply, assuming all newly mined Bitcoin is sold.