With each passing day, crypto currencies seem to be more of a focus than traditional currencies. If you look at the recent statements, the Liechtenstein Prince seems to be warming up to crypto currencies. On Friday, the Prince said he was seriously thinking of investing some of his family's $ 5 billion fortune into digital currencies.
A Way to Increase Family Wealth
Prince Alois Phillip trusts the future of the new digital economy and believes that due to its potential, crypto currencies should be considered. The Prince also believes that crypto-currencies will increase the steadily growing family wealth from the Second World War today.
However, the Prince's biggest problem is that his family does not have the knowledge to make assumptions about the future of the crypto currencies. The prince explains this:
We are currently investing in our venture capital funds with our own risks. If we talk about crypto currencies, I think it is still very clear, but it is a risky investment tool.
The Prince's Trust in Blockchain Technology
I find Blockchain technology very interesting. Blockchain will affect too many sectors in the future. I think that the features of this technology can be used to make states more functional.
Although Liechtenstein is a small country between Switzerland and Austria, it is known for its low tax rates. The interest in crypto currencies is not limited to the royal family, and the citizens of the country are very interested in the crypto currencies.