A fairly balanced yet quirky Bitcoin infographic has been published by the Bank of China (BOC) informing customers of both the benefits and drawbacks of owning the cryptocurrency. Marriage as an institution could fall into either the positive or negative category depending on your viewpoint but the BOC state that having Bitcoin enhances the chances of having a proposal accepted by a prospective spouse.
In the BOC image, the man asks for a woman’s hand in matrimony but is met by the retort ‘Why?” After telling her that he owns Bitcoin she immediately replies, “Let’s get married.”
Bitcoin Scarcity is a Golden Prospect
Although the light-hearted marriage meme may elicit mirth, the majority of the remaining graphic concerns itself with more salient points including the attractions of the decentralised nature, scarcity and cross-border functionality of Bitcoin.
The price volatility, exchange hacks and unclear tax status are flagged as possible areas for concern for any potential investors, although some of the images used appear to poke fun at the likes of well known Bitcoin-detractors Ray Dalio, Jamie Dimon and Warren Buffet.
The Beijing-based Bank of China, which is separate from the central regulatory authority the People’s Bank of China (PBoC), is one of the four biggest state-owned commercial banks in China with a significant number of overseas branches and, as of 2015, is one of the full members of the London Bullion Market Association (LBMA) setting trade requirements for the precious metals market.
Therefore, the timing of the infographic release, and the BOC’s relatively positive take on Bitcoin as a potential store of value, is interesting to note during a period when the cryptocurrency is being portrayed as having similar properties to gold whilst Chinese bank bailouts become increasingly common.