The Governor of the Czech National Bank, Aleš Michl, stated that he is considering the possibility of acquiring Bitcoin to diversify currency reserves. However, the bank is not planning such investments at the moment. In the future, the CNB will focus on increasing the share of gold in its assets to 5 percent by 2028. Despite this, the 130 percent growth of Bitcoin in 2024 points to its potential as a reserve asset, although its volatility remains a risk to financial stability.
1/8/2025 11:41:21 AM (GMT+1)
The Governor of the Czech National Bank, Aleš Michl, is considering acquiring Bitcoin to diversify currency reserves, but the bank is not planning to invest in the cryptocurrency at the moment 💰
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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