Blockchain CEO: Central banks will receive Bitcoin and Ethereum in 2018

Speaking to CNBC, Peter Smith, CEO of cryptocurrency wallet Blockchain.com, said that central banks will keep important cryptocurrencies such as Bitcoin and Ethereum in their reserves this year.

Smith’s statement on the subject like this:

“I think this year will be the first year we’ve seen central banks start holding digital currencies on part of their balance sheets.”

Some central banks already hold Bitcoin

In December 2017, Bulgaria was reported to hold hundreds of thousands of Bitcoins valued at over $3 billion, seized as part of an investigation and operation.

In recent years, the digital currency market has grown at an exponential rate, as the global market has central banks will likely also start buying large amounts of Bitcoin, Ethereum and other major cryptocurrencies. but. Bitcoin currently has a market cap of around $250 billion. However, some analysts expect Bitcoin to be able to compete with the $8 trillion gold market.

Also, governments will need some Bitcoin and alternative cryptocurrencies if Bitcoin becomes one of the reserve currencies of the global economy. will hear.