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Last week, spokespeople from two of the world’s largest and most significant central banks, Robert Kaplan of the Federal Reserve and Lo Bi of the People’s Bank of China (PBOC), provided insight into their views on Bitcoin and how the central banks currently think of the asset.

Kaplan, the current president of the Federal Reserve Bank of Dallas and prior member of the Federal Open Market Committee, had this to say during Texas A&M University’s Mays Business School’s Bitcoin Conference:

“Right now, it’s clear it’s a store of value… It obviously moves a lot in value, which could keep it from spreading too far as a medium of exchange and wide adoption, but that can change.”

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