Search results for Czech National Bank
Crypto
Lagarde early resignation draws crypto industry criticism
European Central Bank President Christine Lagarde announced she will step down on Feb. 7, 2027, about nine months before her term ends. Her decision triggered criticism from the crypto industry, including Gemini co-founder Tyler Winklevoss, who said her legacy would be failing to fight cryptocurrencies. Lagarde has repeatedly expressed negative views on crypto, calling bitcoin speculative and warning of illegal use. The next ECB president will be chosen by the European Council.
Crypto
VanEck says bitcoin could reach $1 million within five years
Asset manager VanEck forecast bitcoin could reach $1 million within the next five years. Matthew Sigel, head of digital assets research at VanEck, made the remarks in a CNBC interview, with bitcoin then around $81,000. He cited younger investors’ allocation intent and the Czech National Bank’s purchases, while warning of high volatility. Similar long-term projections have been floated by Bitwise, Coinbase, Ark Invest and Standard Chartered.
Crypto
Czech central bank governor says bitcoin could also be a reserve asset
The Czech National Bank governor released internal analysis showing that allocating 1 percent of foreign exchange reserves to bitcoin would raise expected returns while leaving overall portfolio risk largely unchanged. Speaking at a Bitcoin 2026 conference in Las Vegas, he again argued for holding bitcoin to diversify reserves, citing its low long-term correlation with other reserve assets. He acknowledged bitcoin could fall to zero and said avoiding overconcentration is key.