Swiss Central Banker is convinced Bitcoin more investment than a currency

Thomas Jordan, the chairman of the Swiss National Bank (SNB) spoke out on cryptocurrencies on Thursday. Speaking at an event in Basel, Jordan, who also chairs the international Central Bank Counterfeit Deterrence Group, said that central banks are eyeing the issues of cryptocurrencies "very intensively," adding, "I would look at them more as an investment than a currency."

According to Reuters report, Jordan noted: "It is important to say it is not question of technology, but a question of who has access to central bank money and in what form. There are up to now many unsolved questions."

A further note point as given by Thomas Jordan states that the central banks must make a point to view the excellence of the theory of cryptocurrency, which can have an impact on the financial ecosystem. Do remember, that when the theory of cryptocurrency came into consideration, this is not at all the first remark about the concept.

These are not the first comments from the central banker on the technology. Addressing the Sibos conference in Switzerland last year, he described the underpinning blockchain technology as turning finance "on its head."

He revealed at the time that the bank is talking with market participants, regulators and other central banks about the future role of blockchain and distributed ledgers, which promise "first and foremost to reduce cost."

Meanwhile, Switzerland has emerged as a leading destination for bitcoin and FinTech startups due to a generally positive societal outlook toward decentralized cryptocurrencies backed by regulatory stability that has been receptive to decentralized technologies.