Jan Kubicek said that the Central Bank would evaluate various classes of assets for inclusion in the strategic reserve, and bitcoin is one of them. In addition to bitcoin, the Central Bank is studying the ability to invest in international corporate bonds, stock indices, oriented on technologies, and real estate investment funds. Evaluation of assets classes should be completed by October.
The cube refers to bitcoin skeptical. The official believes that the ambiguous classification of bitcoin can create problems in accounting and auditing procedures. The key problem remains unpredictable fluctuations in the cost of cryptocurrency.
“We cannot be sure that in the coming years the volatility of bitcoin will follow the patterns observed in the last decade. I suspect that if Bitcoin will accept more institutional investors, he will begin to show a completely different dynamics, ”the cube suggested.
Skepticism of the civil servant regarding the suitability of bitcoin for inclusion in the state racer is shared by the deputy head of the National Bank of the Czech Republic Eva Zakorazilov. She agrees that cryptocurrencies have no place in the state reserve.
The statements of senior officials followed after the manager of the Czech National Bank (CNB) Alesh Mikhl proposed to spend up to 5% of the amount of the Central Bank reserves on Bitcoin. Mikhl called on financial institutions not to be afraid of bitcoin, but rather start studying its capabilities in the financial market.
Source: Bits

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