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Harvard paper to central banks: Buy Bitcoin
- shaburn 4y agoThe Dollar is in trouble.
- smoldesu 4y agoIf this was true in any significant fashion, Bitcoin's price would be rising due to the decrease in purchasing power. Except, it's not. Both Bitcoin and the USD have been hemorrhaging value, but Bitcoin has been tanking on a whole different level.
- tempera 4y agoYes but your time-horizon is thin, when you state the current state of affairs. Make a prediction, how much do you think 1 Bitcoin will value in 2024, 2028, 2032? Then, looking back at your prediction and actual price...
- jleyank 4y agoWhich currency is the usd shedding value to? It’s done quite well vs the loonie, pound and euro. Didn’t check chf, but the yen is at a multi year low vs usd.
- shaburn 4y agoAt the moment. But when institutional establishment thought leadership is advising adversaries and potential adversaries to head for the hills, all is not well in Oz.
- deleted 4y ago[deleted]
- shaburn 4y agoFalse. Bitcoin is an theoretical hedge against the dollar, as well as inflation. In practice it has proven otherwise.
- rossdavidh 4y agoThe headline here, is a bit out of line with the described contents. It sounds more like, "if you are a central bank that thinks there's any chance of being sanctioned by the West, you might want to put some into Bitcoin, although gold is better if you can get enough". Considerably more nuanced. Also, the described purpose of the paper was, 'how much of a risk to the dollar is the use of sanctions?', for which you first need to game out, from the point of view of a central bank, whether or not buying Bitcoin is a good idea. All interesting stuff, but not much like the description of "Harvard paper to central banks: Buy Bitoin". But then, I suppose "Harvard paper describes why some central banks might have an incentive to buy Bitcoin", doesn't get as many clicks?
- Finnucane 4y agoIt’s Ken Rogoff, so better check the math.