Hello!
Yesterday I was reading at twitter that the Head of Czech central bank wants to study the possibility for the Czech republic to central bank to buy Bitcoin as a reserve asset. It was not fake news because I read it from the official account of the guy in charge Aleš Michl (twitter handle @MICHLiq_). You can check it yourself.
This is awesome, will the first Central Bank buy Bitcoin? Once the game theory starts it's game over. They will come in full force and start stacking as much as possible.
However not everything is good news, according to Bloomberg, the Czech Finance Minister warned against adding #Bitcoin to their Reserves. So he goes in the opposite direction. Do you want to know what happened?
Well, today we can read from the account of Aleš Michl 4 hours ago the following:
At our meeting on Thursday, after discussing a document on international reserve management in 2024, the Bank Board of the Czech National Bank (CNB) approved a proposal to analyse the options for investing in additional asset classes.
The central bank has been increasingly diversifying its investments over the last two years as part of its reserve management strategy. At the proposal of Governor Aleš Michl, the CNB is to assess whether it would be appropriate in terms of diversification and return to include other asset classes in the reserves as well.
Based on the results of the analysis, the Bank Board will then decide how to proceed further. No changes will be implemented in this area until then. Any changes in the reserve portfolios will be disclosed in the quarterly information on the CNB’s international reserves and in the CNB’s annual report.
SUMMARY: The Central Bank approved a proposal to analyse the options for investing in additional asset classes (Bitcoin among them). And after this analysis they will provide more information.
One step in the correct direction, thank you Aleš! You are a visionary!
Have a great day!
Posted Using INLEO