Andrej Milović, former Minister of Justice, has proposed that Montenegro urgently issue €500 million in five-year government bonds to purchase Bitcoin and Ethereum, aiming to create state-owned digital reserves. He estimates the value of these reserves could grow to $3–5 billion over the next five years.
Milović argues that such an investment could yield significant net profit, which could be used for infrastructure development in transportation, energy, and digital sectors. He notes that countries like the United States are already moving toward digital reserve strategies and expects Bitcoin and Ethereum to grow substantially in value by 2030.
He also suggests the acquired cryptocurrencies could be used as collateral for favorable state borrowing and to fund the creation of a national data center as a foundation for Montenegro’s digital development.
Milović claims to have presented a similar proposal to the government back in 2021, including a draft law on blockchain and cryptocurrency. He believes that, had the country acted earlier, its digital reserves could already be worth several billion dollars. Nonetheless, he insists it’s not too late if the government acts decisively.
