Crypto News

So, let's dive into the details and see what this could mean for the crypto world. What is a Central Bank? A central bank is an institution that manages a country's currency, money supply, and interest rates. It is responsible for regulating the economy, controlling inflation, and maintaining financial stability. Central banks also oversee the banking system and act as a lender of last resort to commercial banks. Why Would Central Banks Buy Bitcoin? There are a few reasons why central banks might consider buying Bitcoin. One of the main reasons is the growing popularity and adoption of cryptocurrencies. As more and more people start using cryptocurrencies for transactions and investments, central banks may see the need to hold some BTC as a reserve asset. Moreover, Bitcoin has a finite supply, which makes it a hedge against inflation. With central banks constantly printing money and devaluing fiat currencies, having some Bitcoin in their reserves could help protect ag...