Becoming a Regular Army? The Czech National Bank Considers Including $BTC in Foreign Exchange Reserves!

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The Czech National Bank (CNB) is evaluating the inclusion of Bitcoin as part of its foreign exchange reserves, reflecting the growing interest of central banks worldwide in digital assets. President Aleš Michl revealed that while it is only a preliminary consideration, proposals to purchase a small amount of Bitcoin are already under discussion. At this time, Bitcoin has surpassed $102,000, reaching a new high in three weeks.

In an interview, Michl stated that although the idea still requires board approval, he believes Bitcoin is a noteworthy option. However, he emphasized that this is not a large-scale investment plan, and gold remains the bank's preferred reserve asset.

Currently, the CNB holds approximately 50 tons of gold and plans to increase its reserves to 100 tons by 2028, accounting for 5% of total assets. Nevertheless, Bitcoin has performed strongly in recent years, rising over 128% in 2024, making it a potential reserve asset.

Michl believes that Bitcoin's price volatility presents both risks and opportunities for returns. Experts suggest that if central banks like the CNB adopt Bitcoin, it could alter traditional reserve management practices and promote a more digital and decentralized financial system.

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