According to Bloomberg, Czech National Bank Governor Ales Michl said Tuesday that adding Bitcoin to the bank's official reserves could improve overall portfolio performance, citing an internal study showing a model portfolio with a 1% Bitcoin allocation generates higher expected returns without increasing aggregate risk due to the cryptocurrency's low long-term correlation with traditional assets. Speaking at the Bitcoin 2026 conference in Las Vegas, Michl noted the central bank launched a $1 million crypto test fund last year — held separately from official reserves — and plans to publish results after a two-year evaluation before deciding on next steps.