Cathie Wood says central banks might add crypto to their balance sheets. Here’s the list of bitcoin-skeptic central bankers who think otherwise.

Cathie Wood says central banks might add crypto to their balance sheets. Here’s the list of bitcoin-skeptic central bankers who think otherwise.

Superstar investor Cathie Wood said on Thursday central banks in emerging markets could add cryptocurrencies to their balance sheets to protect against the effects of deflation as the economic boom cools. She that emerging market central banks - and maybe even the eurozone - could well start holding hard assets like bitcoin "because they know their currencies are going down, and that they will be under attack as reserves go down." Yet central bankers have by and large been dismissive of crypto, including those in emerging economies such as India. Hours before Wood's comments, Japan's central bank chief expressed doubts about bitcoin's uses and called the asset "speculative." "Most of the trading is speculative and volatility is extraordinarily high," Bank of Japan Governor Haruhiko Kuroda on Thursday. "It's barely used as a means of settlement." This is what other central bankers think about cryptocurrencies: Das he was concerned that cryptocurrencies could threaten financial stability in India. He told CNBC TV-18 the central bank had told the government about these "major concerns." India's central bank moved to ban banks from handling cryptocurrency transactions, although the Supreme Court later struck down the rule in March. Asia's third-largest economy has considered banning cryptocurrencies