The Czech National Bank (CNB) has taken a pioneering step as the first central bank in Europe to consider adding cryptocurrency to its reserve assets. The bank plans to explore investing in Bitcoin through a test portfolio to understand this highly volatile asset better. Despite the potential risks, CNB governor Ales Michl believes that cryptocurrency ...
The governor of the Czech National Bank, Aleš Michl, is considering investing billions of euros in bitcoin, potentially making it the first central bank in a Western country to hold cryptocurrency assets. He plans to propose the idea of using up to 5% of the bank’s 140 billion euros in reserves for bitcoin at an ...
The head of the Czech National Bank, Aleš Michl, plans to propose investing billions of euros into bitcoin, potentially making it the first major Western central bank to hold cryptocurrency. Michl aims to diversify the bank’s €140 billion reserves by allocating up to 5 percent to bitcoin, despite acknowledging its high volatility. He believes this ...
The Governor of the Czech National Bank, Aleš Michl, is open to considering Bitcoin as part of the bank’s strategy to diversify its foreign exchange reserves. Currently, the bank mainly relies on traditional assets like gold to maintain low inflation and financial stability. While Michl acknowledges Bitcoin as an intriguing asset, he emphasizes there are ...
The Czech National Bank’s Governor, Aleš Michl, is contemplating the inclusion of Bitcoin in the bank’s foreign exchange reserves strategy. Currently, the bank primarily focuses on traditional assets like gold and aims for low inflation and financial stability. While Michl finds Bitcoin intriguing, he emphasizes the uncertainties surrounding its technology and believes that gold will ...
