The Czech National Bank (CNB) will vote today on a proposal for a $7 billion bitcoin reserve, but Czech Finance Minister Zbynek Stanjura has warned of bitcoin's high volatility, arguing that it does not meet the requirements for central bank stability. CNB President Michl plans to propose investing up to 5% of his reserves in bitcoin, noting that interest in bitcoin has continued to grow since the launch of BTC spot ETFs by institutions such as BlackRock. However, he also acknowledged the high v...
According to Jin Ten, the governor of the Czech Central Bank said that bitcoin as an asset is being considered for inclusion in foreign exchange reserves; currently it has zero correlation with bonds and is an interesting asset for large portfolios. It is currently only in the analysis and discussion stage; the committee will make decisions, there are no upcoming decisions, and in-depth analysis is required.
According to the Financial Times, the Czech central bank governor wants to invest billions of euros in the country's foreign exchange reserves in bitcoin.
On January 29th, according to the British Financial Times, the governor of the Czech Central Bank wants to put billions of euros of the country's foreign exchange reserves into bitcoin. He said that if approved, the Czech Central Bank may eventually invest up to 5% of its 140 billion euro reserves in bitcoin.
On January 27th, Binance founder CZ tweeted that there may be many "opportunities" or "quick returns" in hot markets, but the best strategy is to stick to the fundamentals. He also admitted that he does not do technical analysis and believes it is important to understand what he "does not know". At the same time, he revealed that his first bitcoin purchase was in early 2014, when the price was around $600, but then fell to $200 and held for about 8 months.
On January 27th, Binance founder CZ Yu X said, Stick to investing based on fundamentals, time will be on your side. Hot markets may have many opportunities or quick returns, but it is better to stick to fundamentals.
On January 26th, Binance founder Changpeng Zhao (CZ) launched a survey on the X platform. He asked users "Overall, have you made money on Bitcoin?" The survey options include "Yes, made money", "No, lost money" and "Never bought". As of now, a total of 5,625 people have participated in the voting, and there are still 3 hours left to vote.