Aleš Michl: Diversifying Central Bank Reserves with Bitcoin | Bitcoin 2026
Most people don't put central banks and Bitcoin in the same sentence — Aleš Michl does. The Governor of the Czech National Bank walks through how he brought inflation down from nearly 20% to 2% in two years, then turned to the harder question: how to build a stronger reserve portfolio for the future. With $180 billion under management, the CNB has now launched a Bitcoin test portfolio alongside equities and gold. Watch the full talk to hear the data behind the 1% allocation. Subscribe for more from the Bitcoin Conference stage.Click here to get 10% off bitcoin 2026 Conference in Las Vegas: https://tickets.b.tc/event/bitcoin-2026?promoCodeTask=apply&promoCodeInput=YT10
🔶 Aleš Michl - Czech National Bank
Chapters:
0:00 - A Strange Combination: Central Banks and Bitcoin
0:51 - How the Czech National Bank Beat 20% Inflation
1:58 - Managing $180 Billion in Reserves
2:42 - Risk and Return Across Reserve Assets
3:16 - Building a More Diversified CNB Portfolio
3:59 - The Question: Can We Do More?
4:16 - Aleš Michl's First Bitcoin Coffee in Prague
4:42 - Bitcoin's Volatility, Returns, and Tail Risk
5:34 - The 1% Bitcoin Working Paper Findings
6:22 - Why Low Correlation Matters for Reserves
6:57 - Bitcoin as Liquid Venture Capital
7:33 - A Two-Year Bitcoin Test Portfolio at the CNB
#Bitcoin #AlešMichl #CzechNationalBank #CNB #CentralBank #BitcoinReserves #MonetaryPolicy #Inflation #Czechia #CzechRepublic #FXReserves #ReserveAssets #PortfolioDiversification #Gold #Equities #BitcoinAllocation #BitcoinResearch #InstitutionalBitcoin #BitcoinPolicy #BitcoinConference #BitcoinKeynote #SoundMoney #BitcoinTreasury
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions. Receive SMS online on sms24.me
TubeReader video aggregator is a website that collects and organizes online videos from the YouTube source. Video aggregation is done for different purposes, and TubeReader take different approaches to achieve their purpose.
Our try to collect videos of high quality or interest for visitors to view; the collection may be made by editors or may be based on community votes.
Another method is to base the collection on those videos most viewed, either at the aggregator site or at various popular video hosting sites.
TubeReader site exists to allow users to collect their own sets of videos, for personal use as well as for browsing and viewing by others; TubeReader can develop online communities around video sharing.
Our site allow users to create a personalized video playlist, for personal use as well as for browsing and viewing by others.
@YouTubeReaderBot allows you to subscribe to Youtube channels.
By using @YouTubeReaderBot Bot you agree with YouTube Terms of Service.
Use the @YouTubeReaderBot telegram bot to be the first to be notified when new videos are released on your favorite channels.
Look for new videos or channels and share them with your friends.
You can start using our bot from this video, subscribe now to Aleš Michl: Diversifying Central Bank Reserves with Bitcoin | Bitcoin 2026
What is YouTube?
YouTube is a free video sharing website that makes it easy to watch online videos. You can even create and upload your own videos to share with others. Originally created in 2005, YouTube is now one of the most popular sites on the Web, with visitors watching around 6 billion hours of video every month.
