Bitwise Chief Investment Officer Comments on Czech Strategic Bitcoin Reserve Plan: Domino Effect Begins

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ODAILY
01-08
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Odaily reported that Matt Hougan, Chief Investment Officer (CIO) of Bitwise, responded to the news of the Czech Republic's strategic Bitcoin reserve plan. Hougan had previously predicted that the adoption of Bitcoin by countries would increase significantly this year, and he pointed out that "the dominoes are starting to fall." Yesterday, it was reported that Aleš Michl, the Governor of the Czech National Bank (CNB), stated that they are considering including Bitcoin as part of the diversification of their foreign exchange reserves. However, the CNB currently does not plan to immediately purchase crypto assets, and any future adoption would still require the approval of the Board of Directors. At the same time, the CNB plans to continue diversifying its reserves by purchasing gold, with the goal of increasing its gold holdings to 5% of total assets by 2028. The analysis suggests that Bitcoin has performed exceptionally well in recent years, with an annual return rate (130%) far exceeding that of gold (30%), and it may become an important reserve asset alongside gold. If more countries include Bitcoin in their reserves, it could redefine the concept of "safe" reserve assets, but its price volatility also poses risks.

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