Czech National Bank expresses skepticism compared to Bitcoin as a reserve value: Legal uncertainties and volatility as the main concerns

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Von: Krypto News Österreich

Skepsis gegenüber Bitcoin als Reservewert der Tschechischen Nationalbank Ein Vorstandsmitglied der Tschechischen Nationalbank (ČNB), Jan Kubicek, hat Bedenken hinsichtlich der möglichen Aufnahme von Bitcoin in die Reserven der Zentralbank geäußert. In einem Interview verwies er auf die rechtlichen Unsicherheiten und die hohe Volatilität dieser Kryptowährung. Diese Äußerungen gelangen im Kontext eines Vorschlags von Gouverneur Ales Michl, Bitcoin in die Vermögensbewertung der Zentralbank einzubeziehen. Bitcoin als Anlageklasse im Fokus Kubicek erklärte, dass die Bank aktuell verschiedene Anlageklassen bewertet, wobei Bitcoin nur eine von vielen Möglichkeiten sei. Seine skeptische Haltung zu Bitcoin brachte er folgendermaßen zum Ausdruck: „Meine Position gegenüber Bitcoin ist …
Skepticism compared to Bitcoin as a reserve value of the Czech National Bank A member of the Board of the Czech National Bank (ČNB), Jan Kubicek, has expressed concerns about the possible inclusion of Bitcoin in the reserves of the central bank. In an interview, he referred to the legal uncertainties and the high volatility of this cryptocurrency. In the context of a proposal by governor Ales Michl, these statements are included in the central bank's asset assessment. Bitcoin as an investment class in the focus of Kubicek said that the bank is currently evaluating different asset classes, with Bitcoin being only one of many options. He expressed his skeptical attitude towards Bitcoin as follows: “My position opposite Bitcoin is ... (Symbolbild/KNAT)

skepticism compared to Bitcoin as a reserve value of the Czech National Bank

A board member of the Czech National Bank (ČNB), Jan Kubicek, has expressed concerns about the possible inclusion of Bitcoin in the reserves of the central bank. In an interview, he referred to the legal uncertainties and the high volatility of this cryptocurrency. In the context of a proposal by Governor Ales Michl, these statements come to include Bitcoin in the central bank's asset assessment.

Bitcoin as an investment class in focus

Kubicek explained that the bank is currently evaluating different asset classes, with Bitcoin being only one of many options. He expressed his skeptical attitude towards Bitcoin as follows: "My position opposite Bitcoin is rather skeptical." A comprehensive assessment of alternative asset classes should be completed by October

challenges through legal uncertainties

A central concern of Kubicek is the unclear legal classification of Bitcoin, which could bring about the challenges in the accounting and examination procedures. He also warned of the unpredictable fluctuations in value of the asset. "We cannot be sure that Bitcoin's volatility will reflect the patterns that have been observed in the past ten years," continued Kubicek. He suspects that Bitcoin's behavior could change if more institutional investors accept this cryptocurrency.

In addition to Bitcoin, ČNB also examines other investment options, including international corporate bonds, selected stock indices-especially those with a technology focus-and real estate investment funds.

broader skepticism under decision -makers

Skepticism compared to Bitcoin as a reserve value is not only expressed by Kubicek. Eva Zamrazilova, the deputy governor of the ČNB, described Bitcoin as unsuitable for reserves. Christine Lagarde, President of the European Central Bank (ECB), also supported this view and emphasizes that the central banks in Europe are not the right place for Bitcoin.

further research on the potential of Bitcoin

Despite the prevailing concerns, Governor Michl shows interest in further research on bitcoins potential as a reserve value. He suggested creating a test portfolio for Bitcoin and delimiting this cryptocurrency from other digital assets. "However, Bitcoin is a different story. It shouldn't be thrown into a pot with other crypto assets. We central bankers should study it and explore the technology on which it is based," said Michl.

The Czech National Bank has the analysis of new asset classes, including Bitcoin, authorized, but emphasizes that no immediate investment decisions are made. In the meantime, the ČNB continues its diversification strategy and currently keeps reserves worth 142.8 billion euros, which corresponds to about 45 % of the country's gross domestic product. In addition, the bank gradually increased its gold reserves and increasingly invested in shares.

global perspectives on Bitcoin

In the USA, President Donald Trump signed an executive order to set up a strategic bitcoin reserve in order to position Bitcoin as a digital alternative to gold. In addition, various US states examine laws for the introduction of their own bitcoin reserves.

The discussion about Bitcoin and its suitability as a reserve value remains a controversial topic both nationally and internationally. While some decision -makers emphasize the need to study and research this digital currency, the legal and financial concerns are opposed.