Central Banks Shed Interest in Cryptocurrencies, Bitcoin’s Reserve Status Uncertain

Central banks are showing decreased interest in cryptocurrencies, according to a recent Bank for International Settlements (BIS) survey. Only 2.1% of central banks surveyed expressed potential interest in incorporating digital assets into their investment strategy, down from 15.9% last year. This decrease reflects concerns over volatility and regulatory uncertainty. Bitcoin’s role as a strategic reserve asset remains limited despite its recent surge in value. The BIS survey suggests that while some acknowledge digital assets’ growing credibility, many central banks remain hesitant about integrating them into their reserves. A Bank for International Settlements (BIS) survey found just 2.1% of central banks expressed interest in cryptocurrencies for potential investment within the next five to ten years, compared to 15.9% in 2024.