The Crown Prince of Liechtenstein belief that cryptocurrency “is something to look into more into in the future” has expressed his plans to invest in blockchain technologies and cryptocurrencies.
The Prince expressed his country’s cryptocurrency plans in an interview he did with CNBC. Crown Prince Alois declared that cryptocurrencies is one of the ways his family can restore its treasures after the family had to sell off its precious art collection after World War Two. Currently, the family’s more balanced finances has given them the opportunity to invest in other types of asset. After the Second World War his family had been forced to sell its art collection but the prince said that now, with its finances better balanced and the art collection largely restored, his family is looking to invest in other asset classes, even something like cryptocurrency bitcoin.
Liechtenstein, a state in Central Europe, is popularly known for being a tax haven. The country intends to be known as a sound financial centre.
Though the Prince admits that cryptocurrency is “very risky”, he claims that the technology behind the digital currency can be eventually used to operate the principality. Liechtenstein is currently populated by less than 40,000 citizens.
The European Royalty declared, “Blockchain will change a lot of things, it could even help make our state more efficient in the way it is administered.”
Despite his interest in the virtual currency, the Prince confirms that he nor his family possesses the expertise to build cryptocurrencies. However, there is a possibility that such a situation could change.
Prince Alois studied in Liechtenstein Grammar School as well as in the UK’s Royal Military Academy, Sandhurst. He was in Hongkong and London to serve in the Coldstream Guards for six months prior to studying at the University of Salzburg. It was in 1993 when he earned his Master’s degree in Jurisprudence.