Czech National Bank governor weighs Bitcoin for future reserve strategy
Aleš Michl, the governor of the Czech National Bank, has considered Bitcoin as a potential addition to the country's foreign exchange reserves for diversification purposes. In an interview with CNN Prima News, Michl indicated that he might acquire a small amount of Bitcoin, although such an investment would be minimal for the bank. Any decision to proceed with Bitcoin acquisition would require board approval, and advisor Janis Aliapulios confirmed that the bank does not currently plan to invest in Bitcoin. However, Michl's willingness to discuss the topic in the future signifies a shift towards considering cryptocurrencies as part of financial strategy. For now, the Czech National Bank is focusing on gold purchases, aiming to increase gold holdings to around 5% of its total assets by 2028. The growing interest in Bitcoin among governments is echoed by experts, highlighting its potential to redefine what constitutes a safe reserve asset in the future.
Source 🔗