The Governor of the South African Reserve Bank, Lesetja Kganyago, has warned governments about lobbyists pushing for Bitcoin to be included in strategic reserves as an asset to be held like gold.
Speaking at the ongoing World Economic Forum in Davos, on Tuesday, the governor pointed out that, unlike gold, Bitcoin has no history and is as worthless as platinum or coal to a national reserve.
Per Techcentral, Kganyago said, “I would have a significant problem with a lobby that says governments should hold this or that asset without consideration for what the strategic intent of the government is. There is a history to gold, but if we now say Bitcoin, then what about platinum or coal? Why don’t we hold strategic beef reserves, or mutton reserves, or apple reserves? Why Bitcoin?”