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Coin Edition 2025-01-30 06:20:18

Czech Central Bank Evaluates Bitcoin as a Reserve Asset, No Immediate Plans

The Czech National Bank is assessing Bitcoin as a reserve asset, but no decision has been made. Governor Ales Michl confirmed that Bitcoin’s low correlation with bonds makes it an asset worth analyzing. The Bank Board will decide, but Bitcoin’s volatility remains a major concern. The Czech National Bank (CNB) has confirmed that it is assessing Bitcoin as a potential reserve asset, though Governor Aleš Michl has clarified that no immediate plans are in place for an official Bitcoin allocation. While speculation has grown over Czechia potentially following El Salvador’s Bitcoin reserve strategy, Michl emphasized that Bitcoin remains under review rather than part of the CNB’s official reserve diversification plan. Bitcoin Under Review in CNB’s Reserve Strategy According to Financial Times journalist Raphael Minder, since taking office in July 2022, Michl has focused on stabilizing the economy after the country’s worst inflation crisis in three decades. With inflation peaking at 17.5% in 2022 and later stabilizing near target levels, the CNB has been gradually restructuring its reserve strategy. This includes: Raising gold holdings from… The post Czech Central Bank Evaluates Bitcoin as a Reserve Asset, No Immediate Plans appeared first on Coin Edition .

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