A lawmaker from Italy urges finance institutions to purchase bitcoin.

A lawmaker from Italy is urging bank bases in Italy to invest in Cryptocurrency, arguing that this investment will increase support for the nation’s leading crypto. &nbsp,

He doesn’t, however, anticipate that Italy will immediately establish a proper Bitcoin reserve despite the country’s growing momentum on both a national and state levels.

European parliamentarian Marcello Coppo said bank foundations should dip their toes into Bitcoin by donating a small percentage of their income to the online asset in an interview with the industry publication on Friday. This could lead to significant returns on their investments.

A bank foundation is an institution set up as a lender that uses its funds to support cultural, social, and humanitarian activities. &nbsp,

The foundations ‘ investments in Bitcoin could sway the public’s help for the gold, which has long been a subject of “excessive disdain” in Italy, according to Coppo. &nbsp,

Any good tests can be used as cases and case studies, Coppo said on Friday, and we can launch there from where the risk is very low. &nbsp,

Nevertheless, it’s unlikely that such opportunities may encourage Italy’s Treasury to acknowledge the resource anytime soon, &nbsp, the senator said.

That’s even though at least a handful of countries, including the U. S., have made major leaps toward establishing proper Bitcoin resources. &nbsp,

” 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”, Coppo said.

The senator’s call for European banks bases to include Bitcoin to their balance sheets follows accounts earlier this week that Italy’s largest lender, Intesa Sanpaolo, bought$ 1 million worth of the cryptocurrency.

The order comes as a result of a rebound in the crypto sector, which has driven Bitcoin past$ 100, 000.

Bitcoin is trading at$ 104, 000 at writing time, CoinGecko data shows. &nbsp,