The Governor of the Czech National Bank, Aleš Michl, has indicated a potential shift in the bank’s reserve strategy by considering the inclusion of Bitcoin as a diversification asset. In a recent interview with CNN Prima News, Michl expressed interest in acquiring “a small amount” of Bitcoin to bolster the bank’s foreign exchange reserves, although he emphasized that this would not involve a significant investment at this time.
The consideration comes amid a broader trend among central banks worldwide recognizing Bitcoin’s potential as a store of value. Michl noted that while there are no immediate plans to purchase Bitcoin, discussions about its inclusion in the bank’s strategy are not off the table for the future. However, any decision to proceed would require unanimous approval from the seven-member board of the Czech National Bank.
Currently, the bank is prioritizing an increase in its gold reserves, aiming to raise its gold holdings to 5% of total assets by 2028. Janis Aliapulios, an advisor to the board, confirmed that while Bitcoin is not part of their immediate plans, the door remains open for future exploration of digital assets.
This move reflects a growing interest in cryptocurrencies among government institutions as they seek innovative ways to diversify their financial strategies. As global economic conditions evolve, central banks are increasingly evaluating both traditional and digital assets in their reserve management practices.
