Speaking at the Bitcoin 2026 conference in Las Vegas, Michl emphasized the need to rethink traditional reserve management strategies. He stated that digital assets have reached a level where they can no longer be ignored and that Bitcoin offers an alternative tool to strengthen reserve portfolios. His remarks reignited global discussions حول diversification in central banking.
According to internal analysis by the Czech central bank, which manages roughly $180 billion in reserves, allocating just 1% to Bitcoin could improve the risk-return balance. Michl noted that Bitcoin’s low correlation with other assets enhances portfolio resilience and revealed that a test purchase had already been conducted in late 2025, following earlier proposals of up to a 5% allocation.
Despite criticism from the European Central Bank regarding Bitcoin’s liquidity and safety, Michl maintained a data-driven stance. These developments suggest that Bitcoin is increasingly being considered not only as an investment asset but also as a potential reserve instrument at the state level.
