The Czech National Bank (?NB) is considering adding Bitcoin (BTC) to its reserves as part of a diversification strategy, according to Governor Aleš Michl.
While gold remains the primary focus—with plans to accumulate 100 tons within four years—the bank is debating a small Bitcoin allocation to reduce risk across its portfolio of stocks, bonds, gold, and cash deposits.
Michl acknowledged Bitcoin’s uncertainty due to the lack of visibility into its full code but sees it as a potential diversification tool. The decision is still under review by the ?NB’s seven-member board.
Michl has previously engaged in discussions around Bitcoin. In 2022, he advised students on the importance of financial literacy and cautious investing, warning against speculation without understanding potential risks.
The Czech Republic recently introduced crypto-friendly regulations, including tax exemptions for crypto transfers. Individuals can avoid taxes if their annual crypto income is under CZK 100,000 ($4,100) or if they hold digital assets for over three years before selling.
Michl’s comments reflect a growing trend among central banks exploring Bitcoin as a reserve asset amid rising interest in digital assets and diversification strategies.
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