The governor of the Czech National Bank, Aleš Michl is now considering establishing a Bitcoin reserve strategy in the future. According to Michl in an interview with CNN Prima News, he is considering acquiring “a few Bitcoin” for diversification. Although the investment wouldn’t be a significant one for the bank, it does open the doors for a potential Bitcoin reserve.
Multiple countries around the world are considering adopting Bitcoin into their financial reserves, as the leading cryptocurrency by market cap continues to climb in value. The token exploded to a new ATH of $100,000 this past year, and is expected to continue rising in the near future. As countries look for alternatives to fiat, including the US dollar, cryptocurrency is gaining traction.
The Czech National Bank’s board, composed of seven members, would need to approve any decision to acquire Bitcoin. When asked about a potential acquisition, Janis Aliapulios, an adviser to the board, stated that the bank is not currently planning a BTC investment. “To sum up, CNB is now not considering buying crypto assets for its reserves. However, Governor Michl did not rule out further future debate on this topic,” Aliapulios said in a statement.
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Two of the leading reserve alternatives to fiat in 2025 are precious metals like Gold and cryptocurrency. The latter’s sector will likely continue to grow worldwide. Compared to Gold, Bitcoin has delivered extreme returns over the last calendar year. During the past year, Bitcoin rose by over 131% while gold prices rose by about 30%.
Furthermore, Bitcoin’s status as a savings technology is also gaining traction in the United States. Known as one of the most anticipated crypto-related bills, Wyoming Senator Cynthia Lummis’ Bitcoin Act proposes the creation of a strategic Bitcoin reserve. The bill is gaining traction in the US government. With pro-crypto President Donald Trump taking office this month, his administration may look to get this crypto bill in effect. As a result, Bitcoin could explode even further, with the rest of the world following in the US’ footsteps.