The post Czech National Bank Plan To Consider Bitcoin as a Foreign Reserve Asset appeared first on Coinpedia Fintech News The Czech National Bank (CNB) is considering Bitcoin as part of its foreign reserve diversification strategy, a move that signals the growing interest of central banks in digital assets. Governor Aleš Michl revealed that the idea of buying a small amount of Bitcoin is on the table, sparking curiosity about this bold move. This announcement when bitcoin has broke $102,000 , reaching its highest point in three weeks. Czech National Bank Considers Bitcoin Reserve Fund In an interview on the Partie Terezie Tománková program live on CNN Prima News Michl shared the proposal to purchase a small amount of Bitcoin as part of the bank’s reserves. However, he clarified that it is only an idea for now and not a firm plan. Any decision to buy Bitcoin would need approval from the CNB’s seven-member Board of Directors. While highlighting that this is not a plan for large-scale investment, Michl stated, “Bitcoin is on my mind,” indicating that discussions are ongoing. Despite Bitcoin’s potential inclusion, the CNB continues to prioritize gold for its reserves. Currently, the CNB holds about 50 tons of gold and plans to double this amount to 100 tons by 2028. This would make gold 5% of the bank’s total assets. Further Michl noted that gold is a safe and reliable asset, especially during uncertain times in the global market. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Why is Bitcoin (BTC) Price Up Today? , Why Bitcoin Is a Better Choice? Considering Bitcoin’s strong performance in the past year has caught attention as its value rose by over 128% in 2024, while gold increased by 31%. This makes Bitcoin an attractive option for reserves. However, Bitcoin’s price can be very unpredictable. Michl called this a “double-edged sword,” meaning it can bring both risks and rewards. Experts believe that if central banks like the CNB start using Bitcoin, it could change how reserves are managed. Blockchain expert Anndy Lian said Bitcoin could lead to a more digital and decentralized way of ensuring financial stability. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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