Degen

Aleš Michl, the head of the Czech National Bank, has proposed a feasibility study to create a Bitcoin pilot portfolio. He described the move as a way to learn and test this risky alternative asset.

Michl stressed the need to adapt to changing financial market conditions and explore new options for managing reserves. Although no immediate investment in Bitcoin is planned, the initiative is seen as a way for the central bank to better understand digital assets.

Michl also warned investors about the risks of the nascent cryptocurrency market, but made a distinction between Bitcoin and other digital assets. He argued that central banks should pay special attention to and study Bitcoin.

The board of the Czech National Bank has also approved a broader analysis of new asset classes, including Bitcoin, but stressed that no immediate decisions will be made on the matter.