Montenegro Proposes €500M Bond for Bitcoin & Ethereum Reserve
Former Montenegro Justice Minister Andrej Milović has proposed issuing €500 million in five-year government bonds to fund a national digital reserve of Bitcoin and Ethereum. He aims to establish a public crypto treasury. Milović predicts the reserve could grow to $3–5 billion over five years. He cited U.S. precedents and forecast strong Bitcoin and Ethereum price gains by 2030.
The plan highlights Bitcoin’s role as a store of value and “digital gold”. It also underscores Ethereum’s importance in decentralized finance and smart contracts. Milović brings credibility from his leadership in investigating Terraform Labs founder Do Kwon after the Terra-Luna collapse.
Supporters argue a Bitcoin and Ethereum reserve would diversify state assets. They expect it to boost economic growth, attract blockchain talent, and signal technological leadership. However, market volatility, regulatory uncertainty, and security risks remain key challenges.
For success, the proposal requires a robust legal framework and comprehensive risk management. If approved, Montenegro could become a pioneer in government-backed crypto investment and strengthen confidence in national crypto strategies.
Bullish
The proposal to issue €500 million in bonds for a national Bitcoin and Ethereum reserve signals significant government demand. In the short term, anticipation of large-scale BTC and ETH purchases may drive up prices as traders position for increased institutional buying. In the long term, establishing a legal framework and public crypto treasury could reduce perceived regulatory risk, bolster adoption, and attract new capital. While volatility and security concerns persist, the move represents a bullish catalyst for both Bitcoin and Ethereum markets.