The Czech National Bank is evaluating the inclusion of Bitcoin in its national reserves, with Governor Aleš Michl suggesting allocating up to 5% of €140 billion reserves for this purpose. This move would set a precedent as the first Western central bank to officially include Bitcoin. An internal analysis has been approved to weigh the risks and benefits of such a decision, which could take several months. Critics voice concerns over Bitcoin's volatility, but proponents highlight its past decade as a top-performing asset, advocating for diversification in reserve holdings.
Czech National Bank Governor Aleš Michl proposed allocating up to 5% of the country's €140 billion reserves to Bitcoin, citing diversification amid growing crypto interest.
The CNB approved an internal analysis to assess holding Bitcoin as part of reserves, potentially making it the first Western central bank to embrace the cryptocurrency.
Critics contend that Bitcoin's volatility makes it an unreliable reserve asset, emphasizing the need for stability over speculation in central bank portfolios.
Despite concerns, Bitcoin has shown a strong performance over the last decade, positioning it as a potential component of a diversified reserve strategy.
Collection
[
|
...
]