With his article Cryptocurrency in Central Bank Reserves Matthew Ferranti, currently a PhD student at Harvard University, wants to suggest Bitcoin to central banks around the world. The fact that Kenneth Rogoff, himself a Harvard professor and former chief economist at the International Monetary Fund (IMF), was involved in the publication also shows that Ferranti is not alone in this opinion. That’s the business magazine forbes.
Central banks currently hold in their reserves large amounts of what are considered safe-haven US Treasury bonds. According to Ferranti, however, the sanctions against Russia have shown that they are not untouchable. He therefore recommends Bitcoin – alongside gold – as a safeguard against confiscation. In this way, Hodln could also pay off for central banks.