Czech Central Bank Chief Backs Bitcoin as 1% Reserve Slice in ‘Conservative but Innovative’ Strategy
Czech National Bank Governor Aleš Michl defended a 'conservative but innovative' strategy that includes allocating 1% of the country's foreign exchange reserves to Bitcoin, arguing it enhances returns without increasing overall portfolio risk. He emphasized strict inflation control and currency stability as core priorities while advocating for measured exposure to digital assets. The move follows research indicating Bitcoin's low long-term correlation with traditional reserve assets. Michl presented the approach at a Bitcoin industry event in Las Vegas as part of a broader effort to modernize reserve management.
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