Czech National Bank Governor Considers Including Bitcoin in Future Reserve Strategy
Aleš Michl, the Governor of the Czech National Bank (CNB), stated that they are considering adding Bitcoin as part of their foreign exchange reserves diversification. However, CNB currently has no plans to immediately purchase any cryptocurrency, and any decision to adopt it in the future would require board approval. Meanwhile, CNB plans to continue diversifying its reserves by buying gold, with the goal of increasing its gold holdings to 5% of total assets by 2028.
Analysis suggests that Bitcoin has performed well in recent years, with an annual return rate (130%) far surpassing that of gold (30%), and it could become an important reserve asset outside of gold. If more countries add Bitcoin to their reserves, it could redefine the concept of "safe" reserve assets, but its price volatility also poses risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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