Blockchain CEO: Central Banks Will Hold Bitcoin and Ether in 2018
Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Peter Smith, the CEO of Blockchain, the second most widely utilized cryptocurrency wallet behind Coinbase, stated that central banks will begin to hold major digital currencies like bitcoin and Ethereum’s native token Ether in 2018. “I think this year will be the first year we start to see central banks start to hold digital currencies as part of their balance sheet. Bitcoin is already a top 30 currency by supply, and this trend, and pressure to hold digital currency as part of reserves will only accelerate as the price rises,” said Smith. Some Central Banks Already Sitting on Bitcoin In December 2017, it was reported that the Bulgarian government has more than $3 billion in bitcoin in its account, mostly from funds seized during law enforcement investigations and crackdown on dark web marketplace operators. In May, the Bulgarian authorities officially sta...