Kazakhstan May Invest Part of Its Reserves in Crypto — A Step Toward a New Era of Wealth Management
The National Bank of Kazakhstan, led by Timur Suleimenov, is seriously considering investing a portion of the country’s gold and foreign currency reserves — including sovereign wealth fund assets — into Bitcoin and other cryptoassets. This is not a spontaneous experiment, but a deliberately planned move. The bank already manages an “alternative segregated portfolio,” employing more aggressive strategies aimed at higher returns — inspired by precedents in Norway, the U.S., and the Middle East.
The regulator also plans to create a national crypto reserve, composed of confiscated or state-mined digital assets, to be managed via dedicated infrastructure. At the same time, the Bank emphasizes caution — profitability is the goal, but reckless speculation is not.
