Italian lawmakers urge the country's banking foundations to invest in Bitcoin

ChainCatcher news, an Italian parliament member Marcello Coppo recently stated in an interview that bank foundations should get involved in Bitcoin and allocate a small portion of their income to this digital asset in order to potentially achieve significant investment returns. A bank foundation is an organization established in the form of a bank that uses its funds to support social, cultural, and charitable activities.

Coppo believes that investment in Bitcoin by bank foundations could win public support, as Bitcoin has long been an object of "excessive distrust" in Italy. However, he anticipates that Italy will not establish a strategic Bitcoin reserve anytime soon.