- Italian lawmaker Marcello Coppo suggests banking foundations invest in Bitcoin to boost public trust and potentially earn significant returns.
- Despite Bitcoin's rising global momentum, Coppo sees no near-term possibility of Italy establishing a national Bitcoin reserve.
Italian parliament member Marcello Coppo has called on the country’s banking foundations to consider investing in Bitcoin, suggesting that even small allocations could yield significant returns and foster broader acceptance of the cryptocurrency.
However, he expressed skepticism about Italy establishing a strategic Bitcoin reserve in the near future, despite similar discussions gaining momentum in the United States.
In an interview with Criptovaluta, Coppo emphasized the potential benefits of banking foundations—including those supporting social, cultural, and philanthropic activities—investing a portion of their income in Bitcoin.
“We can start from where the risk is very low, and any positive tests can be used as examples and case studies,” he said.
Coppo argued that such moves could help counter the “excessive distrust” surrounding Bitcoin in Italy. Public backing from influential institutions, he noted, might encourage broader acceptance of the digital asset within the country.
However, Coppo was cautious about the likelihood of Italy’s Treasury following suit. While other nations, including the United States, have made progress toward building Bitcoin reserves at both national and state levels, he said such a move in Italy was unlikely in the short term.
“If the USA [invests in Bitcoin], it would not be science fiction for any nation [to do the same]... but I do not see the conditions for this to happen [in Italy] in a few months,” he explained.
The lawmaker’s remarks come amid heightened interest in Bitcoin, with reports this week revealing that Italy’s largest bank, Intesa Sanpaolo, recently purchased $1 million worth of the cryptocurrency.
This purchase coincides with a broader market rally that has pushed Bitcoin past $100,000, reigniting global discussions about its role in institutional portfolios and national reserves.
Edited by Harshajit Sarmah
