Philippe on Nostr: "Bitcoin, however, is another story. It should not be grouped with other crypto ...

"Bitcoin, however, is another story. It should not be grouped with other crypto assets."

Glad to see that in Czech Republic they fully understand the Bitcoin standard and the difference with scatocoins gambling 👍👏

quoting
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⚡️🇨🇿 The governor of the Czech National Bank, Aleš Michl, calls for caution when investing in crypto-assets but suggests exploring Bitcoin, which he views as a separate asset.

"If you intend to invest in crypto assets, exercise extreme caution."

"Only invest money in things you understand and are willing to accept the risk of potentially losing your entire investment."

"Bitcoin, however, is another story. It should not be grouped with other crypto assets."

"We, as central bankers, should study it and explore the technology behind it. Studying Bitcoin will not harm us—in fact, it will strengthen us."

"I emphasized the need to adapt to changing conditions in financial markets and explore new reserve management options."

"I stated that Bitcoin is very volatile and could one day be worth one of two extremes—either zero or a huge amount. I also highlighted that #Bitcoin is a high-risk asset for professional investors who are aware of all the risks."