Bitcoin Rises as Czech Central Bank Chief Calls for Billions in Crypto Reserves
The price of Bitcoin was rising after Czech National Bank Governor Ales Michl said he wants the central bank to spend billions of euros worth of the country's reserves on the cryptocurrency. Michl told the Financial Times he would present a plan to the board to invest in bitcoin at Thursday's meeting. Michl highlighted wider investor interest in bitcoin and pointed to U.S. President Trump's plans for deregulation.
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