[2025-1-29] Altcoins.news - Czech Republic reaffirms Bitcoin Strategic Reserves

[kittrohub]

Ales Michl, the Head of Czech Republic Central Bank reaffirms that Czech Republic could invest up to 7 Billion $ in Bitcoin until 2028 and wants to discuss it at a board meeting tomorrow. Thus, CR could become first Western Europe country to do it.


https://altcoins.news/czech-republic-may-be-first-in-western-europe-to-hold-bitcoin-reserves/

[Charles-Tim]

https://asktom.cf/index.php?topic=5528067.msg65003605#msg65003605

[degoyib]

Ales Michl, the Head of Czech Republic Central Bank reaffirms that Czech Republic could invest up to 7 Billion $ in Bitcoin until 2028 and wants to discuss it at a board meeting tomorrow. Thus, CR could become first Western Europe country to do it.


https://altcoins.news/czech-republic-may-be-first-in-western-europe-to-hold-bitcoin-reserves/ stickman hook

What safeguards or risk management strategies are being discussed to address Bitcoin’s volatility?
Will the bank adopt a phased investment strategy or use hedging tools?

[cr1776]

Ales Michl, the Head of Czech Republic Central Bank reaffirms that Czech Republic could invest up to 7 Billion $ in Bitcoin until 2028 and wants to discuss it at a board meeting tomorrow. Thus, CR could become first Western Europe country to do it.


https://altcoins.news/czech-republic-may-be-first-in-western-europe-to-hold-bitcoin-reserves/ stickman hook

What safeguards or risk management strategies are being discussed to address Bitcoin’s volatility?
Will the bank adopt a phased investment strategy or use hedging tools?

What safeguards and risks are adopted to deal with the continual devaluation of fiat?  
Answer:  none, they want it to inflate away to take their cut and control people.

[buwaytress]

Just in case you're wondering about Micl, he sees himself as a maverick economist, and has used state funds to gamble already on stocks (unsuccessfully). He's also been casually throwing various numbers on the precise amount (was a lot more earlier, then he said max 1% in January) as percentage, can't really remember, but Google should help. They're fighting inflation so I think Bitcoin is not the quick fix.

Argentina, on the other hand, with worse hyperinflation, finally turned the corner with severe austerity. I tend to think only that works (not Greece style, obviously).