Czech National Bank Governor Considers Including Bitcoin in Future Reserve Strategy

Aleš Michl, president of the Czech National Bank (CNB), said that Bitcoin is being considered as part of the diversification of foreign exchange reserves. However, CNB currently has no plans to purchase crypto assets immediately, and whether to adopt them in the future still needs the approval of the board of directors. At the same time, CNB plans to continue to promote the diversification of reserves 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)