Hold onto your hats, folks! European central banks might just start hoarding Bitcoin by 2025, if we are to believe blockchain expert Fiorenzo Manganiello.
This bold prediction comes after the EU rolled out its Markets in Crypto-Assets (MiCA) regulation, a set of rules designed to tame the wild crypto market and bring some legal clarity.
Manganiello, co-founder of LIAN Group and a professor at Geneva Business School, thinks that these new rules will lure institutional investors into the crypto market, making Bitcoin (BTC) less volatile and more legit.
And if that’s not enough, he even suggests that central banks might start stockpiling Bitcoin as a safeguard against traditional market instability. Imagine that!
“Get ready for some European central banks to start building their Bitcoin stash in 2025! The new MiCA rules will give crypto a boost, and even traditional financial institutions will jump on the bandwagon. Trust me, Bitcoin is too big to ignore!”
Fiorenzo Manganiello
MiCA Mania
The European Union unveiled the Markets in Crypto-Assets (MiCA) framework in late 2024, aiming to bring order to the chaotic crypto industry across its member states.
The journey began on April 20, 2023, when the EU Parliament adopted MiCA to tackle persistent issues in the rapidly growing crypto sector, such as fraud, market volatility, and inadequate investor protections.
Before MiCA, crypto companies faced a tangled web of varying national regulations. Some countries welcomed innovation, while others threw up roadblocks. MiCA aims to replace this mess with a single set of rules for all 27 EU nations.
“With MiCA calming traditional investors, even central banks might start considering Bitcoin,” Manganiello added.
If European central banks do take the plunge, it would mark a seismic shift in Bitcoin’s standing in the global financial system. Stay tuned!
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2025-02-03 20:28