The Czech National Bank (CNB) is considering adding Bitcoin to its asset portfolio as part of its diversification strategy.
Diversification Proposal
The board of the Czech National Bank has approved a proposal to assess the potential diversification of its assets with Bitcoin. The bank's reserve management strategy has been focusing on diversification over the past two years.
Expert Opinions
Despite the approval, the proposal has faced criticism from Finance Minister Zbynek Stanjura, who expressed doubt about the sustainability of Bitcoin as a diversification means due to its high volatility.
International Perspective
Christine Lagarde, president of the European Central Bank, has expressed confidence that Bitcoin will not enter the reserves of any central bank within the EU.
The Czech National Bank continues to explore potential diversification pathways, considering both domestic and international opinions on using Bitcoin in central reserves.
