Aleš Michl, governor of the Czech National Bank, advocates for studying Bitcoin rather than fearing it. He suggested a Bitcoin test portfolio to assess incorporating this asset into the bank’s reserves, recognizing the potential for significant yearly returns despite inherent risks.

While acknowledging Bitcoin’s appeal as a reserve asset, Michl cautioned that any decision must come from thorough analysis. This approach aims to ensure caution given the volatility seen by financial institutions in the past.