coinspress.com
Ales Michl, governor of the Czech National Bank (CNB), has revealed plans to propose adding Bitcoin to the bank’s reserves, signaling a potential shift in national asset diversification strategy.
If approved by the CNB board, up to 5% of the bank’s €146 billion in assets could be allocated to the digital currency.
Michl views Bitcoin as a strategic diversification tool, citing growing institutional adoption—particularly the success of U.S.-based Bitcoin ETFs—as evidence of increasing investor confidence in the cryptocurrency.
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His stance aligns with a broader trend among European policymakers. Christian Lindner, Germany’s former finance minister, recently advocated for Bitcoin as part of Germany’s national reserves and even suggested that the European Central Bank (ECB) should consider holding Bitcoin.
If the Czech National Bank moves forward with Bitcoin investments, it could mark a major milestone for crypto adoption within central banking policies.