CNB Buys Bitcoin To Touch Reality As Michl Says It Could Go Very High or Zero
Czech National Bank Governor Aleš Michl says the country’s Bitcoin (CRYPTO: BTC) $1 million purchase is meant to “touch reality” as he warns the asset could soar or collapse.
Governor Says Goal Is Real-World Experience, Not Models
Michl said on Nov.25 the CNB created the portfolio to gain hands-on experience with digital assets instead of depending on theoretical models.
He described the initiative as an experiment aimed at understanding tokenization, custody processes, and the operational mechanics of digital assets inside a central-bank environment.
He said the bank included Bitcoin because it behaves like gold, showing low correlation with traditional assets and helping diversify large portfolios.
Michl noted Bitcoin’s volatility had recently mirrored major tech names, including Nvidia Corp. (NASDAQ:NVDA), Meta Platforms Inc. (NASDAQ:META), and Tesla Inc. (NASDAQ:TSLA).
Michl told Central Banking that Bitcoin’s long-term value “could plausibly end up at two extremes – …
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