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Czech central bank intends to vote on 7 billion dollar bitcoin reserve proposal, finance minister warns of BTC volatility risks

The Czech National Bank (CNB) will vote today on a proposal for a $7 billion bitcoin reserve, but Czech Finance Minister Zbynek Stanjura has warned of bitcoin's high volatility, arguing that it does not meet the requirements for central bank stability. CNB Governor Michl plans to propose investing up to 5% of the reserves in bitcoin, noting that interest in bitcoin has continued to grow since the launch of BTC spot ETFs by institutions such as BlackRock. However, he also acknowledged the high volatility of BTC and said further assessment of its potential role in central bank reserves is still needed. If the proposal is approved, CNB could hold at least $7 billion in bitcoin, a portion of its total reserves of $146 billion. The proposal has some support in the Czech industry, said Trezor analyst Lucien Bourdon. The Czech Republic has long been at the forefront of bitcoin innovation, including the world's first mining pool, hardware wallets and large bitcoin conferences.