Blockchain expert Fiorenzo Manganiello predicts that European central banks may start accumulating Bitcoin by 2025. This forecast is linked with the implementation of the MiCA regulatory framework in the European Union.
Expert's Bitcoin Prediction
Fiorenzo Manganiello, co-founder of LIAN Group and a professor at Geneva Business School, argues that MiCA's regulatory clarity will encourage institutional investors to enter the market, reducing volatility and legitimizing Bitcoin as a financial asset.
Impact of MiCA Regulations
The European Union introduced the Markets in Crypto-Assets (MiCA) framework at the end of 2024, establishing a cohesive regulatory framework for the crypto industry across its member states. This initiative began on April 20, 2023, when the EU Parliament passed MiCA to address persistent challenges in the rapidly evolving crypto sector, such as fraud, market volatility, and inadequate investor protections. MiCA aims to replace this fragmented approach with a unified set of rules for all 27 EU countries.
Potential Changes in the Financial System
If European central banks follow through, it would signal a major shift in Bitcoin’s role within the global financial system. Manganiello believes that the reassurance MiCA provides to traditional investors could make not only institutions, but even central banks consider Bitcoin as a strategic asset.
The adoption of MiCA rules might herald a new era for the integration of cryptocurrencies into Europe’s traditional financial system, turning Bitcoin into a key element of strategic reserves.
