Czech Central Bank Governor: Euro reserve investment in Bitcoin still needs to be discussed by the board of directors, and a decision is not expected to be made soon

Odaily Planet Daily News Czech Central Bank Governor Aleš Michl posted on the X platform that the goal of the Czech Central Bank is to maintain price stability. When he took office in July 2022, the inflation rate in the Czech Republic was as high as 17.5%, so his mission during his term is to reduce inflation to the target level and diversify asset reserves. Aleš Michl said that the Czech Central Bank will gradually increase its gold holdings from 0% to about 5%, and plans to invest 30% in stocks. Bitcoin currently has zero correlation with bonds and is an interesting asset for large portfolios and worth considering. At present, it is still in the analysis and discussion stage. The bank's board of directors will make a decision, and it will not be made soon. A thoughtful analysis is required.