Harvard Paper says Central Banks should hold Bitcoin

in bitcoin •  11 days ago 

This is interesting...

Everyone is fearful of Bitcoin, but perhaps now is the time to buy.

Especially if you are a central bank!

A Harvard Economics Paper was released today stating why Central Banks should be buying bitcoin...

Check it out:

image.png

(Source: https://twitter.com/DocumentingBTC/status/1595388584735002624/photo/1)

The reasoning?!

Sanctions!

You can thank the mighty United States for this!

After Russia (and anyone else that they don't like) had their assets frozen, it created a very provocative use case for bitcoin.

If you hold bitcoin in a wallet, they can't take it from you.

Sure, they can sanction Exchanges and not them do business with that wallet etc, but the value is still there and it can't be taken away.

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Upvoted! Thank you for supporting witness @jswit.

Wouldn't that be interesting. I think we all know what direction the price would go if that were to happen...though I don't see it ultimately happening.