Price of bitcoin could go higher or ‘can go to zero,’ says Czech central bank governor

CoinDesk3h agoUpdated 2h ago
Price of bitcoin could go higher or ‘can go to zero,’ says Czech central bank governor
Smart Read

Czech National Bank Governor Aleš Michl acknowledged bitcoin could boost portfolio returns due to low correlation with traditional assets, but warned extreme volatility makes it too risky for reserves. Despite a successful $1 million test portfolio, the CNB rejected adding bitcoin to foreign-exchange reserves in February 2026, citing risk concerns over potential zero value scenarios.

Coins in this story

BTC
₹76,181.69
+0.21%
Part of narrative
RWA

Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.

Explore narrative

Related stories

DeFi shaken by $292 million hack, but showing resilience, Standard Chartered says
CoinDesk2h ago60-word brief

DeFi shaken by $292 million hack, but showing resilience, Standard Chartered says

A $292 million KelpDAO exploit hit AAVE and sparked liquidity crunches across DeFi, causing deposit declines and loan contractions. Standard Chartered says the sector demonstrated resilience through a $300 million industry backstop, enabling rapid recovery. The bank maintains its $2 trillion tokenized RWA forecast by 2028, though security remains a critical constraint on institutional adoption.

Securitize, Computershare open path for $70 trillion U.S. stocks to move onchain
CoinDesk2h ago60-word brief

Securitize, Computershare open path for $70 trillion U.S. stocks to move onchain

Securitize and Computershare partnered to let U.S. public companies issue tokenized shares alongside traditional stock, tapping $70 trillion equities market. Computershare, serving 58% of S&P 500, acts as transfer agent for blockchain-based holdings while maintaining current market structure. The direct ownership tokens avoid derivative-layer workarounds, positioning traditional Wall Street infrastructure closer to blockchain rails and offering faster settlement options.

GSR says Crypto Core3 ETF is simple gateway for mainstream investors
CoinDesk2h ago60-word brief

GSR says Crypto Core3 ETF is simple gateway for mainstream investors

GSR launched its first actively managed ETF combining Bitcoin, Ethereum, and Solana with weekly rebalancing and staking rewards. The fund targets mainstream investors seeking simple crypto exposure without constant trading decisions. As institutional players expand crypto offerings, GSR bets on core portfolio consolidation, positioning the three major tokens as the essential holdings for diversified long-term allocation.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.