Central banks can purchase bitcoin as a hedge towards sanctions by different nations, Harvard Ph.D. candidate says
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They should also buy bitcoin as a hedge against other countries currencies, or they’ll all be sucking on the mighty US Dollar in 2050.
The day central banks start buying Bitcoin, I guess that would be the start of a big run
> student says
Everyone should buy Bitcoin and Ethereum
-Broke College Kid, 2022 (me)
Just because someone with some diploma says it, it don’t mean it’s true. Biden has a law degree but fuck him
tldr; A Harvard University paper suggests central banks should buy bitcoin as a hedge against sanctions by other countries. The paper, titled “Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves,” was authored by Matthew Ferranti, a Ph.D. candidate in the economics department. It likens central banks’ gold reserves to potential bitcoin holdings.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
This is the future banks. You can’t stop this.
If central banks start taking advice from college students regardless of the opinion we are fukd
Those scholars know that they are getting a piece of future if they are wise enough .
Okay.
Why Bitcoin when you can created an Alt coin and force everyone to buy it?
Need a filter for anything said by unnamed Stanford, Harvard, MIT, Xoogler, or former Apple employee.
This is so obvious. You have a free-market non-state-controlled currency that seems to have a huge future and don’t need to trust currencies of other nations that rise or fall based on shenanigans by politicians or their Central Bank.
Also, don’t it twisted. Many nations are holding huge crypto reserves from what they seized from criminals. China is actually one of the largest BTC whales right now. ‘Crypto crackdowns’ hold many purposes.