Coin-Turk 23 minutes ago
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As the Czech Republic continues to work on establishing a Bitcoin 
$105,035 reserve, concerns raised by Finance Minister Zbynek Stanjura may negatively impact these plans. This situation could hinder the country’s aspirations to lead against the US and many other nations.
Finance Minister Challenges Bitcoin Reserve Proposal
In response to the recent Bitcoin proposal by Aleš Michl, President of the Czech National Bank, Finance Minister Stanjura expressed his worries about Bitcoin’s instability and volatility. According to Bloomberg, Stanjura stated that Bitcoin is not suitable as a national reserve and emphasized that the government’s monetary authority does not have the power to supersede central bank decisions.
“I have doubts about it individually. The central bank should represent stability. If you look at Bitcoin, it is definitely not a stable asset.” – Zbynek Stanjura
Plans for Adopting a Bitcoin Strategy
Aleš Michl announced plans to invest at least 5% of the country’s reserves (app…
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