捷克国家银行（CNB）确认它将比特币评估为潜在的储备资产

尽管在萨尔瓦多的比特币储备战略之后，人们对捷克比亚的猜测有所增加，但米歇尔强调，比特币仍在审查中，而不是CNB官方储备多元化计划的一部分。

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.

据报道，捷克国家银行（CNB）正在将比特币视为潜在的储备资产，但州长AlešMichl澄清说，没有立即计划进行官方的比特币分配。

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.

尽管在萨尔瓦多的比特币储备战略之后，人们对捷克比亚的猜测有所增加，但米歇尔强调，比特币仍在审查中，而不是CNB官方储备多元化计划的一部分。

Bitcoin Under Review in CNB’s Reserve Strategy

在CNB的储备策略中审查了比特币

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.

根据《金融时报》记者拉斐尔·梅德尔（Raphael Minder）的说法，自2022年7月上任以来，米尔尔（Michl）专注于在该国三十年来最严重的通货膨胀危机之后稳定经济。

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:

随着通货膨胀率在2022年达到17.5％，后来稳定在目标水平附近，CNB一直在逐渐重组其储备策略。这包括：

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

*将黄金持有量扩大25％，至65亿美元。

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

*将股权持有量从总储量的1％增加到5％。

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

*旨在在接下来的五到七年中进行双重储备。

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官员还表示，他们正在考虑更广泛的资产，例如私募股权和房地产，以增强多元化。

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采访时指出，比特币与债券的接近零相关性使其成为平衡投资组合的有趣资产，但他还指出，它的波动是中央银行控股的主要挑战。

Michl: No Decision Yet, Bitcoin Still Under Analysis

MICHL：尚无决定，比特币仍在分析中

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.

在解决猜测时，Michl带到X阐明银行的立场。他确认正在讨论比特币在CNB的储备中的潜在作用，但强调没有决定是明确的。

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.

他进一步承认比特币的固有风险，他以前曾表示，比特币有一天可以零或大量。

Bitcoin’s Volatility Concerns Could Delay Any Move

比特币的波动问题可能会延迟任何举动

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.

尽管具有潜在的好处，但比特币的价格波动仍然是决策者的主要关注点。其频繁的价格波动使得很难完全利用其与其他资产的低相关性。

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确认，他将要求他的团队对比特币作为储备资产的适用性进行更深入的评估。但是，他重申，这并不意味着将采取任何立即行动。

Czech National Bank’s Long-Term Strategy

捷克国家银行的长期战略

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.

捷克国家银行的总体目标仍然是价格稳定和可持续的经济增长。如果做出的话，决定将比特币持有储备金的决定将需要大量研究，风险评估和银行董事会的批准。

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

目前，CNB致力于扩大其黄金和股权持有，确保多元化，同时保持财务稳定。

Bitcoin’s Role in Global Reserves

比特币在全球储备中的作用

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

CNB对比特币的评估是在几个全球金融机构重新考虑数字资产的时候。

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.

尽管捷克人没有立即采取行动，但持续的评估信号表明比特币在全球金融中的作用正在发展，即使在传统上谨慎的机构中也在不断发展。