捷克國家銀行（CNB）確認它將比特幣評估為潛在的儲備資產

儘管在薩爾瓦多的比特幣儲備戰略之後，人們對捷克比亞的猜測有所增加，但米歇爾強調，比特幣仍在審查中，而不是CNB官方儲備多元化計劃的一部分。

The Czech National Bank (CNB) is reportedly considering Bitcoin as a potential reserve asset, but Governor Aleš Michl has clarified that no immediate plans are in place for an official Bitcoin allocation.

據報導，捷克國家銀行（CNB）正在將比特幣視為潛在的儲備資產，但州長AlešMichl澄清說，沒有立即計劃進行官方的比特幣分配。

While speculation has grown over Czechia potentially following El Salvador’s Bitcoin reserve strategy, Michl emphasized that Bitcoin remains under review rather than part of the CNB’s official reserve diversification plan.

儘管在薩爾瓦多的比特幣儲備戰略之後，人們對捷克比亞的猜測有所增加，但米歇爾強調，比特幣仍在審查中，而不是CNB官方儲備多元化計劃的一部分。

Bitcoin Under Review in CNB’s Reserve Strategy

在CNB的儲備策略中審查了比特幣

According to Financial Times journalist Raphael Minder, since taking office in July 2022, Michl has focused on stabilizing the economy after the country’s worst inflation crisis in three decades.

根據《金融時報》記者拉斐爾·梅德爾（Raphael Minder）的說法，自2022年7月上任以來，米爾爾（Michl）專注於在該國三十年來最嚴重的通貨膨脹危機之後穩定經濟。

With inflation peaking at 17.5% in 2022 and later stabilizing near target levels, the CNB has been gradually restructuring its reserve strategy. This includes:

隨著通貨膨脹率在2022年達到17.5％，後來穩定在目標水平附近，CNB一直在逐漸重組其儲備策略。這包括：

* Expanding gold holdings by 25% to about $6.5 billion.

*將黃金持有量擴大25％，至65億美元。

* Increasing equity holdings from 1% to 5% of total reserves.

*將股權持有量從總儲量的1％增加到5％。

* Aiming to double reserves over the next five to seven years.

*旨在在接下來的五到七年中進行雙重儲備。

CNB officials have also stated that they are considering a broader range of assets, such as private equity and real estate, to enhance diversification.

CNB官員還表示，他們正在考慮更廣泛的資產，例如私募股權和房地產，以增強多元化。

In an interview with X, Michl noted that Bitcoin’s near-zero correlation with bonds makes it an interesting asset for a balanced portfolio, but he also pointed to its volatility as a major challenge for central bank holdings.

Michl在接受X採訪時指出，比特幣與債券的接近零相關性使其成為平衡投資組合的有趣資產，但他還指出，它的波動是中央銀行控股的主要挑戰。

Michl: No Decision Yet, Bitcoin Still Under Analysis

MICHL：尚無決定，比特幣仍在分析中

Addressing speculation, Michl took to X to clarify the bank’s position. He confirmed that Bitcoin’s potential role in the CNB’s reserves is under discussion but stressed that no decision is imminent.

在解決猜測時，Michl帶到X闡明銀行的立場。他確認正在討論比特幣在CNB的儲備中的潛在作用，但強調沒有決定是明確的。

He further acknowledged Bitcoin’s inherent risks, stating that he had previously remarked that Bitcoin could one day be worth either zero or a huge amount.

他進一步承認比特幣的固有風險，他以前曾表示，比特幣有一天可以零或大量。

Bitcoin’s Volatility Concerns Could Delay Any Move

比特幣的波動問題可能會延遲任何舉動

Despite its potential benefits, Bitcoin’s price volatility remains a primary concern for policymakers. Its frequent price swings make it difficult to fully capitalize on its low correlation with other assets.

儘管具有潛在的好處，但比特幣的價格波動仍然是決策者的主要關注點。其頻繁的價格波動使得很難完全利用其與其他資產的低相關性。

Michl confirmed he will ask his team to conduct a deeper evaluation of Bitcoin’s suitability as a reserve asset. However, he reiterated that this does not mean any immediate action will be taken.

Michl確認，他將要求他的團隊對比特幣作為儲備資產的適用性進行更深入的評估。但是，他重申，這並不意味著將採取任何立即行動。

Czech National Bank’s Long-Term Strategy

捷克國家銀行的長期戰略

The Czech National Bank’s overarching goal remains price stability and sustainable economic growth. The decision to hold Bitcoin in reserves—if ever made—will require extensive research, risk assessment, and approval from the Bank Board.

捷克國家銀行的總體目標仍然是價格穩定和可持續的經濟增長。如果做出的話，決定將比特幣持有儲備金的決定將需要大量研究，風險評估和銀行董事會的批准。

For now, the CNB is focused on expanding its gold and equity holdings, ensuring diversification while maintaining financial stability.

目前，CNB致力於擴大其黃金和股權持有，確保多元化，同時保持財務穩定。

Bitcoin’s Role in Global Reserves

比特幣在全球儲備中的作用

The CNB’s evaluation of Bitcoin comes at a time when several global financial institutions are reconsidering digital assets.

CNB對比特幣的評估是在幾個全球金融機構重新考慮數字資產的時候。

While Czechia is not making an immediate move, the ongoing evaluation signals that Bitcoin’s role in global finance is evolving—even among traditionally cautious institutions.

儘管捷克人沒有立即採取行動，但持續的評估信號表明比特幣在全球金融中的作用正在發展，即使在傳統上謹慎的機構中也在不斷發展。