Aleš Michl, Governor of the Czech National Bank, has proposed considering Bitcoin as a reserve asset to diversify the country’s holdings. He indicated an interest in buying a small amount of Bitcoin but clarified there are no immediate plans to do so. The bank is primarily focusing on gold, with aims to increase its gold reserves to 5% by 2028.

Bitcoin’s price surged 131% recently, drawing renewed interest in its potential as a reserve asset. Additionally, new legislation in the Czech Republic exempts Bitcoin held for over three years from capital gains tax. The move aligns with other countries exploring Bitcoin’s role in financial strategies, with increasing governmental interest in cryptocurrency.