On January 7, 2025, Aleš Michl, the governor of the Czech National Bank, indicated a growing interest in Bitcoin as a diversification strategy for the country's foreign exchange reserves. In a recent interview, Michl mentioned the possibility of acquiring 'a few Bitcoin' to enhance the bank's investment strategy, although he clarified that this would not constitute a significant investment.
Currently, the bank is not planning any immediate Bitcoin acquisitions, as confirmed by adviser Janis Aliapulios. However, Michl's openness to future discussions about Bitcoin reflects a broader trend among governments reevaluating their financial strategies. Over the past year, Bitcoin has surged by over 131%, significantly outpacing gold's 30% increase, according to TradingView data.
Furthermore, the Bitcoin Act in the United States, which proposes a strategic Bitcoin reserve, is gaining traction, particularly with bipartisan support, and could potentially lead to Bitcoin prices exceeding $1 million if approved. This growing acceptance of Bitcoin as a reserve asset may redefine what constitutes a 'safe' investment for national reserves.