Czech central banker said bitcoin price could higher or could got to zero
CoinDesk
Czech central bank governor noted Bitcoin's potential for high returns but warned of extreme volatility and risk of zero value.Summary
Alex Michl, governor of the Czech Central Bank, stated that while Bitcoin could enhance portfolio performance due to its low correlation with traditional assets, its extreme volatility makes it too risky for the bank's reserves. He acknowledged that Bitcoin's price could significantly increase or drop to zero, a risk inherent in all assets. The Czech National Bank conducted a study after purchasing $1 million in Bitcoin for testing, finding it more efficient than stocks and gold but ultimately too risky for current investment. Despite its potential for high returns, the bank's board decided against investing FX reserves in Bitcoin at this time.
(Source：CoinDesk)