Harvard Research Paper Urges Governments and Central Banks to Add Bitcoin to Reserves to Hedge 'Sanction Risk'

Central banks in countries that face a risk of being sanctioned by the US could shift their international reserves to include bitcoin (BTC), a new Harvard University research paper has argued. The research paper based the idea of central bank risk hedging with bitcoin on the fact that many central banks - and in particular those facing a higher risk of US sanctions - in recent years have increased the share of their reserves made up by gold, a traditional central bank reserve asset....