‘This is the future’: Czech central bank governor makes case for bitcoin in sovereign reserves

Czech National Bank Governor Ales Michl has publicly advocated for the inclusion of bitcoin in central bank reserves, presenting internal analysis at the Bitcoin 2026 conference. Michl argued that central banks must consider assets beyond traditional ones for future portfolios. The Czech National Bank has already explored this, with Michl previously proposing allocating up to 5% of reserves to bitcoin and overseeing the bank's first digital asset purchase in a test portfolio. New analysis suggests that adding just 1% bitcoin to the CNB's approximately $180 billion in reserves could boost expected returns while maintaining overall risk due to bitcoin's low correlation with other assets. Michl acknowledged bitcoin's volatility but noted that concentration risk also exists in traditional assets, framing bitcoin as a potential future reserve asset.

(Source：The Block)