Marcello Coppo, an Italian parliamentarian, is urging banking foundations in Italy to consider Bitcoin as a strategic asset, especially following Intesa Sanpaolo's recent investment.

Intesa Sanpaolo, the largest bank in Italy, has made headlines by purchasing $1 million worth of Bitcoin, sparking discussions about the potential for increased cryptocurrency adoption in the country.

Despite the optimism, Coppo warns that creating an Italian Bitcoin Reserve would be a long-term endeavor, as current conditions do not favor such an initiative in the near term.

To facilitate this transition, he stresses the importance of extensive education to dispel existing misconceptions about Bitcoin, noting that many in the industry still lack a thorough understanding of it.

Coppo argues that a modest, low-risk allocation to Bitcoin by these foundations could generate significant returns while safeguarding their core missions, ultimately benefiting local communities.

These banking foundations, which are non-profit entities managing former public bank assets, could be well-positioned to lead Bitcoin investments due to their conservative financial practices and community-oriented focus.

He draws a parallel between Bitcoin's acceptance in Italy and the country's established culture of gold investment, suggesting that Bitcoin could evolve into a recognized store of value over time.