Czech Central Bank Governor: Euro reserve investment in Bitcoin still needs to be discussed by the board of directors, and a decision is not expected to be made soon

BlockBeats News: On January 29th, Ale š Michl, the Governor of the Czech Central Bank, posted on X platform that the bank's goal is to maintain price stability. When he took office in July 2022, the inflation rate in the Czech Republic was as high as 17.5%, so his mission during his term was to reduce inflation to the target level and diversify asset reserves. Ale š Michl stated that the Czech Central Bank will gradually increase its holdings of gold from 0% to around 5%, and plans to invest 30% in stocks. Bitcoin currently has zero correlation with bonds and is an interesting asset worth considering for large investment portfolios. At present, it is still in the stage of analysis and discussion. The bank's board of directors will make a decision, but it is not expected to be made soon. A thoughtful analysis is needed. Previously, the Governor of the Czech Central Bank stated in an interview with the Financial Times that if approved, the bank would consider investing 5% of its 140 billion euros in reserves in Bitcoin.