The head of the Czech National Bank is considering including bitcoin in its future reserve strategy
The president of the Czech National Bank (CNB), AlešMichl, has said that bitcoin is being considered as part of the diversification of foreign exchange reserves. However, the CNB does not currently plan to purchase crypto assets immediately, and future adoption still needs board approval. At the same time, the CNB plans to continue to diversify its reserves through gold purchases, with the goal of increasing its gold holdings to 5% of total assets by 2028.
The analysis points out that bitcoin has performed well in recent years, with its annual return (130%) far exceeding that of gold (30%), and may become an important reserve asset other than gold. If more countries include bitcoin in their reserves, it may redefine the concept of "safe" reserve assets, but its price volatility also poses risks.