Prince of Liechtenstein: “The Royal Family Might Invest in Crypto”
Cryptocurrencies, like Bitcoin, “could be one way to help his family restore its wealth,” the Crown Prince of Liechtenstein, Alois, told CNBC.
“Particularly with this whole new digital economy, it is something to look into more in the future,” the Prince added.
According to Alois, his family is looking to invest in “other asset classes, even something like cryptocurrency,” having sold their entire art collection after the Second World War, which is now almost entirely restored.
CNBC also reports the Prince as saying that, “while cryptocurrency was still very risky the underlying technology could be employed to better run the principality [of Liechtenstein]. Blockchain will change a lot of things, it could even help make our state more efficient the way it is administered.”
Currently, the family does not have internal expertise to invest in cryptocurrencies, “but that could change,” says the prince.
Liechtenstein, officially the Principality of Liechtenstein, is a doubly landlocked German-speaking microstate in Central Europe. The principality is a constitutional monarchy headed by the Prince of Liechtenstein, currently Hans-Adam II, although his son, Crown Prince Alois, has been regent since 15 August 2004, meaning he is the one appointed to administer the state in the place of his father.