Aleš Michl, governor of the Czech National Bank, is exploring the inclusion of Bitcoin in the bank’s future diversification strategy for foreign exchange reserves. Although no immediate plans are underway, the move marks a growing interest in cryptocurrencies as potential reserve assets by governments.

Any decision to acquire Bitcoin needs approval from the bank’s board, which consists of seven members. Currently, there are no plans to invest in Bitcoin, but future discussions are not ruled out, reflecting openness to cryptocurrency as a reserve asset.

The Czech National Bank aims to increase its gold holdings to 5% of total assets by 2028 as part of traditional diversification. Meanwhile, Bitcoin’s impressive annual returns of over 131% suggest potential shifts in government’s reserve strategies, potentially redefining perceptions of safe reserve assets.