Bitcoin Policy Research Institute: Bitcoin is an "Effective Portfolio Diversification Tool"
According to Cointelegraph, the Bitcoin Policy Institute recently published a paper titled "The Case for Bitcoin as a Reserve Asset". The paper argues that central banks around the world should adopt bitcoin as a reserve asset to hedge against rising inflation, geopolitical risks, capital control risks, 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 instruments, bitcoin is an "effective portfolio diversification tool."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
Trending news
MoreCrypto prices
More
