As Bitcoin's global popularity rises, more countries consider it a potential strategic reserve. Czechia joins nations exploring Bitcoin for diversifying their foreign exchange reserves.
Czech National Bank on Bitcoin Reserve Strategy
According to recent reports, Aleš Michl, governor of the Czech National Bank, considers Bitcoin as a potential diversification strategy for the country's foreign exchange reserves. In an interview with CNN Prima News, he stated that they might acquire a few bitcoins for diversification, though it wouldn't be a major investment for the bank. The purchase would be considered by the bank's board, comprising seven members. Currently, the bank has no plans to invest in Bitcoin, but it sees potential in the future.
Bitcoin – A Unique Opportunity for Central Banks
In 2024, it was reported that countries like Poland and Russia are considering Bitcoin for strategic reserves. Forbes highlighted various reasons central banks might be interested in Bitcoin. A report argued that Bitcoin offers unique features that protect against inflation, geopolitical risks, capital controls, and other financial issues. The report suggests Bitcoin, like gold, is a potential reserve asset.
SBR Bills at the State Level
Dennis Porter, founder of the Satoshi Act Fund, announced that up to 20 Strategic Bitcoin Reserve bills will be introduced at the state level. Most bills will be based on the Satoshi Act Fund SBR model. The Strategic Bitcoin Reserve Act of 2025 includes imperative sections, detailing how Bitcoin can protect national sovereignty and outlining legislation permitting Bitcoin as a store of value and inflation hedge.
Amidst growing global adoption, Bitcoin continues to be seen as a strategic resource. Countries like Czechia explore its potential for diversifying reserves, highlighting Bitcoin's enduring impact on global finance.
