🚨The President of the Czech National Bank is considering including Bitcoin in future reserves!💰💰
Ales Michl, the President of the Czech National Bank (CNB), stated that he is considering using Bitcoin as part of the diversification of foreign exchange reserves. However, CNB currently has no plans to immediately purchase cryptocurrency assets, and whether to adopt them in the future still requires approval from the board of directors. At the same time, CNB plans to continue diversifying its reserves by purchasing gold, with the goal of increasing its gold holdings to 5% of total assets by 2028.
Analysis indicates that Bitcoin has performed exceptionally well in recent years, with an annual return rate (130%) far exceeding that of gold (30%), and may become an important reserve asset beyond gold. If more countries include Bitcoin in their reserves, it may redefine the concept of "safe" reserve assets, but there are also risks associated with its price volatility.
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