NEW YORK, Feb. 3 (Xinhua) -- Bitcoin is unlikely to be part of the U.S. national reserve though the cryptocurrency industry embraces tailwinds from more friendly regulation under the administration of President Donald Trump, according to an industry insider in the United States.

The European Central Bank (ECB) has made a negative conclusion in this regard given the big volatility of prices, concerns over money laundering and unappealing liquidity, noted Wilfred Daye, chief strategy officer with Mercurity Fintech Holding Inc., a New York-based digital fintech group.

Daye recently told Xinhua that if the ECB didn't list bitcoin as reserve assets, it's very hard for the United States to do so alone.

Bitcoin doesn't meet the criteria on liquidity, security and safety, ECB President Christine Lagarde recently said.

"I'm confident that bitcoin will not enter the reserves of any of the central banks of the General Council," added Lagarde.

A lot of promises on cryptocurrency have been made in the United States and it would be great if 80 percent of the promises materialize, said Daye.

Daye added that currently the biggest issue in cryptocurrency sector lies in lack of clarity on regulation.

Trump floated the idea of building a bitcoin reserve in the country on his campaign trail in 2024 and recently signed an executive order to evaluate the potential creation and maintenance of a national digital asset stockpile. Enditem

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