A recent global survey has revealed that 91 central banks (managing more than $7 trillion in reserves) are against investing in crypto.
Crypto Still Fails to Impress Central Banks
When asked about using Bitcoin as a strategic reserve, only one central bank supported the idea. Most (about 60%) were against it, while around 39% were undecided. These figures are especially surprising even as with the growing global interest in digital currencies, central banks aren’t rushing in.
In fact, interest in crypto investments has dropped. Last year, about 16% of central banks said they might consider investing in digital assets over the next 5–10 years. This year, that number fell sharply to just 2%.
Some central banks, around 12%, have also admitted that cryptocurrencies are gaining credibility but Bitcoin is still not seen as a suitable asset class by most.
Note that the survey was conducted in January and February, and came before President Donald Trump’s executive order in March proposing a US Strategic Bitcoin Reserve and a national digital asset stockpile. Still, the idea had been briefly mentioned in a January order as well.
As for safe investments, gold remains the top asset. Over a third of surveyed central banks plan to increase their gold reserves this year, and none plan to cut on them.
Interestingly, despite the timing of the survey, central banks already viewed US’ protectionist policies as the biggest risk to global markets which is a concern that was recently proven to be right since the US announced new tariffs.
Also Read: US Crypto Stocks Shows Signs of Recovery In Response To Tariff Relief
