#MarketSentimentWatch Czech Central Bank (CNB) Governor Aleš Michl said Bitcoin should be “studied, not feared” and should not be lumped together with other crypto assets. Michl proposed a “Bitcoin test portfolio” to the CNB board in late January 2025, to “explore a high-risk asset class.”

If approved, the CNB could spend $7.3 billion to buy Bitcoin, drawing on its $146 billion in foreign reserves. This would be the first time a European central bank has considered formally including Bitcoin in its portfolio.