Bitcoin speculates great interest among the general population and financial institutions, unrelated to their negative opinion of cryptocurrency. Despite the fact that cryptocurrencies are not mature enough for the European Central Bank to be regulated, Mario Draghi, the president of ECB, says, “It is a matter of time until banks start holding Bitcoin as well”. The twist that this will have on cryptocurrencies remains an open question.

Mario Draghi is not bitcoin pro, but at the same time, he acknowledges that the ECB will not regulate Bitcoin in any way, and is open to the idea of banks meddling in the cryptocurrency market. His opinion is not often shared by other banks.

Banks may soon hold bitcoin, but that doesn’t mean actually owning them but just holding them as a custodial service for clients. Draghi’s opinion in just a speculation as no financial institution has plans on doing so, and a lot is going to have to change to make this a reality. At the same time changes are going on pretty fast when regarding cryptocurrencies, which may make changes appear faster also in the regarding situation. Banks being more interested in bitcoin as an investment vehicle is a good start.

Draghi thinks that taking any action regarding cryptocurrencies must be a consequence of a well-informed decision while holding a position in bitcoin might be positive for the financial institutions. Mingling with cryptocurrencies always represents a big risk for any institution as the crypto market can change at any moment. The possible future of banks and cryptocurrencies working together speculates interest and only time will tell if it is going to prove as reality.