News list for "michl"
In a post on social media, AlešMichl, the head of the Czech National Bank, said investors should be extra careful if they intend to invest in crypto assets. The market is still in its infancy and will experience a certain degree of ups and downs. Investors are advised to invest only in assets that they understand and are willing to bear the risk of losing all of them. Bitcoin, however, is another matter. It should not be confused with other crypto assets. Central banks should study it and explo...
The president of the Czech National Bank (CNB), AlešMichl, has said that bitcoin is being considered as part of the diversification of foreign exchange reserves. However, the CNB does not currently plan to purchase crypto assets immediately, and future adoption still needs board approval. At the same time, the CNB plans to continue to diversify its reserves through gold purchases, with the goal of increasing its gold holdings to 5% of total assets by 2028. The analysis points out that bitcoin h...
