Czech Central Bank Chief Mulls Bitcoin as Possible Reserve Asset

Czech monetary policymakers will assess whether to invest in bitcoin, Governor Ales Michl said, a move that could make the country one of the first to hold part of its foreign reserves in the crypto currency.

Michl, who took over the monetary institution in 2022 with a goal to tame the worst inflation crisis in three decades, has also made diversifying the bank’s investments one of his priorities. The plan, designed to make the bank profitable, includes boosting holdings of gold and stocks, especially in the US market.

Ales Michl

Photographer: Milan Jaros/Bloomberg

Bitcoin is worth considering for potential inclusion in the reserves because ...