This European Country Considers Adding Bitcoin to Its Reserves

Donald Trump’s Bitcoin reserve initiative, set to gain momentum as he assumes office on January 20, is beginning to resonate globally.

Discussions around incorporating Bitcoin into national reserves have now reached the Czech Republic, where the country’s central bank is exploring the possibility.

Aleš Michl, president of the Czech National Bank (CNB), revealed in an interview with CNN Nes that the institution is evaluating the potential benefits of adding small amounts of Bitcoin to its foreign exchange reserves. While still in the early stages, Michl emphasized that any move to acquire Bitcoin would require approval from the seven-member CNB Board of Directors.

Currently, the CNB has no immediate plans to invest in Bitcoin or other cryptocurrencies. However, Janis Aliapulios, an advisor to the board, noted that the idea remains on the table for future discussions. For now, the bank is focused on increasing its gold holdings, with plans to raise gold reserves to 5% of total assets by 2028.

Blockchain expert Anndy Lian commented on the growing governmental interest in Bitcoin, citing a shift in financial strategies to include digital assets. While Lian sees this trend as promising, he cautioned that Bitcoin’s price volatility could pose challenges for national reserves. As more countries reevaluate their reserve strategies, Bitcoin’s role in global finance continues to expand.

Alexander Zdravkov