BITCOIN may have received another price boost after it was revealed a European royal family might invest in cryptocurrencies and blockchain technologies.
Bitcoin has become a particular focus of the Crown Prince of Liechtenstein, who insists cryptocurrency “is something to look into more into in the future”.
The German-speaking state in Central Europe owes much of its wealth to its status as a tax haven, however, Liechtenstein is hoping to rebrand itself as a legitimate financial centre.
Speaking to CNBC, Crown Prince Alois said bitcoin and other cryptocurrencies could be one way to help restore his family’s weather after it was forced to sell its art collection after the Second World War.
The Crown Prince said: “Particularly with this whole new digital economy, it is something to look into more into in the future.”