CNB Evaluates Bitcoin as a Diversification Tool
The Governor of the Czech National Bank (CNB), Aleš Michl, announced that the bank is considering including Bitcoin in its reserves. According to him, it would be a small investment aimed at diversifying the central bank's assets.

“I’ve been thinking about buying just a few bitcoins,” Michl said in an interview with CNN Prima News. However, the plan has not yet been approved, as it requires the consensus of all seven members of the CNB Board.

Czech Republic Joins the List of Countries Considering Bitcoin
The growing interest in Bitcoin as a state reserve asset is not unique. More and more countries and companies worldwide are recognizing the potential of cryptocurrencies as a store of value. Michl also emphasized the importance of broader diversification of CNB's assets, not only across asset classes but also among currencies.

In the past, CNB reduced its gold reserves to eight tonnes but now plans to increase them to 100 tonnes within three and a half years. Bitcoin could be the next step in this strategy.

Trump’s Support for Bitcoin Changes Perception of Cryptocurrencies
Interest in Bitcoin has grown partly due to newly elected U.S. President Donald Trump, who referred to Bitcoin as the “currency of the future.” Trump even mentioned that the United States might create a national reserve of cryptocurrencies.

At a Bitcoin conference in July 2024, Trump stated that the U.S. does not plan to sell bitcoins obtained through confiscations and hinted that the country intends to stay ahead in adopting digital assets.

Global Interest in Bitcoin as a Reserve Currency
In addition to the U.S., countries like Russia, Switzerland, and Brazil are also considering adding Bitcoin to their reserves. In the U.S., Senator Cynthia Lummis proposed a bill to purchase one million bitcoins, which, at the current price, would represent an investment of $100 billion. This move would give the U.S. approximately a 5% share of Bitcoin’s total supply.

Meanwhile, the growing acceptance of cryptocurrencies in the U.S. has driven Bitcoin’s price to an all-time high of $108,000. Even after a correction, Bitcoin returned above the six-figure mark, boosting its credibility as a store of value.

The Future of Bitcoin as a Strategic Asset
While debates over cryptocurrency regulation continue, experts predict that interest in Bitcoin will only grow. Analyst Anthony Scaramucci forecasted that China might soon join the trend of state cryptocurrency reserves.

Governor Michl and his team are continuing discussions on the use of Bitcoin within CNB’s reserves, which could mark another step for the Czech Republic toward adopting digital assets.

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