Czech Central Bank Chief Reiterates Support for Bitcoin as a Reserve Asset
Czech National Bank Governor Ales Michl has once again voiced support for considering bitcoin (BTC) as part of the central bank’s reserves, emphasizing that it should not be grouped with the broader cryptocurrency market.
In a detailed post on X, Michl acknowledged the volatility and unpredictability of the crypto industry, stating that while the sector will see both failures and successes, Bitcoin remains distinct. “Bitcoin, however, is a different story. It should not be lumped together with other crypto assets,” he wrote.
His statement comes in the wake of recent controversies in the crypto space, including the latest wave of memecoin speculation, alleged rug pulls, and high-profile figures like Binance founder Changpeng Zhao and Argentine President Javier Milei being linked to questionable projects.
Michl first gained attention in the Bitcoin community last month when he proposed that the Czech National Bank explore adding alternative assets, including BTC, to its balance sheet. The bank’s board approved the proposal, though he clarified that this remains an early-stage analysis.
“We, as central bankers, should study Bitcoin and the technology it is built on,” Michl stated. “Understanding Bitcoin won’t harm us—on the contrary, it will make us stronger.”
His continued advocacy suggests that Bitcoin’s potential role in national reserves may remain a topic of discussion within the Czech banking system.
