Czech Central Bank governor mulls Bitcoin allocation

Aleš Michl, governor of the Czech National Bank, flirted with the idea of adding Bitcoin to the bank’s reserves but emphasized that the idea remains in its early stages. In an interview with local media CNN Prima News, ČNB governor Aleš Michl said he considers Bitcoin ( BTC ) an “interesting option” for diversifying the bank’s reserves. Michl explained that the ČNB was constantly assessing its portfolio and new assets. Still, the bank has not engaged in any concrete cryptocurrency strategy. In any event, a seven-member bank board would need to approve a potential BTC reserve allocation. “I was thinking of acquiring just a few Bitcoin, but I never intended to make a significant investment,” Michl said, clarifying that no decision had been made. Instead, the ČNB plans to increase its gold treasury to comprise 5% of its total reserves by 2028. The news indicates a focus on traditional assets rather than cryptocurrencies like BTC for now. You might also like: News Eric Trump and Michael Saylor meet up at Trump Mar-A-Lago and discuss Bitcoin Bitcoin captures more global mindshare Michl’s interview reaffirmed a global trend that has emerged since Donald Trump was declared the winner — more countries, banks, and firms are considering BTC as a reserve option. In the U.S., Trump and Wyoming Senator Cynthia Lummis have strongly advocated for creating a national strategic BTC reserve. Lummis suggested changing laws to allow the Federal Reserve to hold the crypto, eliminating concerns expressed by Fed chair Jerome Powell. Several American states, including Texas and Ohio, also proposed laws to establish BTC treasuries. Meanwhile, the BTC treasury program spread like wildfire in other locations like Brazil, Poland, Germany, Russia, and Switzerland, although discussions differed across jurisdictions. Rumors that some 21 nation-states were exploring BTC reserve policies filled social media corridors, but the chatter was unverified by crypto.news at press time. Read more: Ohio introduces second Bitcoin reserve bill