TLDR Tech / Crypto
Czech Central Bank Governor Argues for Bitcoin in Sovereign Reserves
Czech National Bank Governor Ales Michl made a direct case for holding bitcoin in central bank reserves, presenting internal CNB analysis showing a 1% BTC allocation could increase expected portfolio returns while keeping overall risk roughly unchanged due to Bitcoin's low correlation with other reserve assets. The CNB has already begun a test portfolio, making it a closely watched case among sovereign institutions and a direct counterpoint to the ECB's position that bitcoin is not liquid, secure, or safe enough for reserves.
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