Czech National Bank Governor Aleš Michl says the CNB is actively testing a 1% Bitcoin allocation as part of its reserves strategy—aiming to improve risk-adjusted returns.
🧪 1% BTC portfolio trial, planned to run for two years
📉 Thesis: Bitcoin’s low long-term correlation with traditional assets can improve diversification
📊 Michl: BTC can boost returns without increasing overall portfolio risk
🏦 CNB’s broader diversification: equities increased 15% → 26%, gold built 0% → 6%
🗓️ CNB plans to publish results after two years, then decide on formal reserve inclusion
Do you think more central banks will follow with small BTC trials, or will volatility and policy concerns keep them on the sidelines?