Czech National Bank Governor Considers Including Bitcoin in Future Reserve Strategy

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ODAILY
01-07
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Odaily Odaily News: Aleš Michl, President of the Czech National Bank (CNB), said that he is considering using Bitcoin as part of the diversification of foreign exchange reserves. However, CNB currently has no plans to purchase crypto assets immediately, and whether it will be adopted in the future still needs the approval of the board of directors. At the same time, CNB plans to continue to promote reserve diversification by purchasing gold, with the goal of increasing gold holdings to 5% of total assets by 2028. Analysis shows that Bitcoin has performed well in recent years, and its annual return rate (130%) far exceeds that of gold (30%), and it may become an important reserve asset besides gold. If more countries include Bitcoin in their reserves, the concept of "safe" reserve assets may be redefined, but there are also risks in its price volatility. (Cointelegraph)

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