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Czech Bank Governor considers incorporating Bitcoin into future reserve strategy
Editor
2025-01-07 20:02 3,050
Golden Finance reported that Czech National Bank (CNB) Governor Aleš Michl said that Bitcoin is being considered as part of the diversification of foreign exchange reserves. However, CNB currently has no immediate plans to purchase crypto assets, and future adoption still requires board approval. At the same time, CNB plans to continue to promote reserve diversification through the purchase of gold, with the goal of increasing gold holdings to 5% of total assets by 2028. Analysis points out that Bitcoin has performed well in recent years, with its annual return rate (130%) far exceeding that of gold (30%), and may become an important reserve asset in addition to gold. If more countries include Bitcoin in their reserves, it may redefine the concept of a "safe" reserve asset, but its price volatility also carries risks.
Keywords: Bitcoin
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