The Czech National Bank is considering the inclusion of Bitcoin in its foreign exchange reserves as part of its diversification strategy.

Discussions have taken place, but no definitive plans have been established. The decision would require approval from the bank's Board of Directors.

However, the bank's primary focus remains on gold as its main reserve asset. The CNB currently holds 50 tons of gold and aims to double this amount by 2028.

Bitcoin's recent strong performance has sparked interest, but caution is expressed regarding its volatility. Experts suggest that incorporating Bitcoin into central bank reserves could serve as a hedge against inflation.

The idea of Bitcoin as a reserve asset is gaining traction globally, with the United States and Switzerland also considering its incorporation.

Despite the interest, the CNB has no immediate plans to invest in Bitcoin and remains committed to its gold diversification strategy. The bank's cautious approach reflects its focus on stability and reliability.

Governor Michl also emphasizes the importance of a balanced budget in combating inflation.

As central banks evaluate the role of cryptocurrencies, the CNB's exploration of Bitcoin contributes to the ongoing dialogue about the future of money and the potential for digital assets to coexist with traditional financial systems.