International Discussion Surrounds Inclusion of Digital Currencies in Central Bank Reserves
news
1 min read
Bitcoin Should Be Added to Reserves, According to Former German FM
In a recent statement, former German Foreign Minister Heiko Lindner has made a bold claim about the potential inclusion of Bitcoin in reserve assets. His argument is that precious metals are also volatile and therefore should not be used as a benchmark for evaluating the suitability of cryptocurrencies like Bitcoin as a store of value.
Lindner’s remarks came after U.S. Federal Reserve Chairman Jerome Powell expressed skepticism about the idea of central banks holding Bitcoin reserves, citing its volatility as a major concern. However, Lindner has downplayed these concerns by pointing out that precious metals also experience significant price fluctuations, which should not disqualify them from being considered for reserve purposes.
The debate over the potential inclusion of cryptocurrencies in central bank reserves is gaining momentum, with some countries like Japan expressing skepticism about the idea. Meanwhile, the U.S. government has reportedly explored the possibility of adding Bitcoin to its reserve assets.
Source: u.today
