Harvard Research suggests that Bitcoin could be a tool to help central banks against sanctions

The Harvard University researcher highlighted that countries with higher sanctions risk have been increasing the percentage of their gold reserves more than those with lower penalties. According to the report, Bitcoin reserves are the best option if central banks cannot accumulate enough gold to cover the sanctions risks. Ferranti concluded that diversifying your reserves and allocating some to Bitcoin and gold has significant advantages. The US Treasuries, once considered a refuge even by America’s enemies, are no more sacred. It is therefore not unusual for anyone to consider purchasing Bitcoin in the event it becomes popular, even central banks. Ferranti, however, is the first to assess the potential magnitude of central banks’ crypto investments.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: bitcoinCentral BankscryptoHarvard UniversityMatthew Ferranti