Czech Central Bank Considers Adding Bitcoin to National Reserves

Governor Aleš Michl plans to propose investing up to 5% of the country's reserves in Bitcoin for diversification, citing global and U.S. trends.

Czech National Bank Governor Aleš Michl will present a proposal to the bank's board to allocate 5% of its $146 billion reserves to Bitcoin.
Michl views Bitcoin as a diversification tool, highlighting its lack of correlation with bonds and potential as a large portfolio asset.
The proposal follows increasing institutional interest in Bitcoin, spurred by the launch of spot ETFs by firms like BlackRock and evolving global attitudes toward crypto.
Michl acknowledges the risks of Bitcoin's volatility but sees it as a potential strategic reserve asset, similar to equities, which already form a significant part of the bank's portfolio.
The move aligns with broader discussions internationally, with countries like Brazil, China, and Russia also exploring Bitcoin reserves.