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The Bitcoin Policy Institute recently published a paper titled "The Case for Bitcoin as a Reserve Asset," which argues that central banks should adopt bitcoin as a reserve asset to hedge against rising inflation, geopolitical risks, capital controls, sovereign defaults, bank failures, and international sanctions imposed by the U.S. government. The author of the paper, economist Matthew Ferranti, believes that due to the weak correlation between decentralized assets and other financial instrument...

2024-10-27 03:46:13