Harvard's Matthew Ferranti, PhD "₿itcoin has become the tool of choice for circumventing Sanctions!"

1 year ago
22

In this conversation, we talk about a brand new paper that Matthew published titled, "Hedging Sanctions Risk: Cryptocurrency in Central Bank Reserves." We talk about ₿itcoin, US sanctions, and how central banks around the world use cryptocurrency to hedge the risk of the sanctions.

₿itcoin has become a tool of choice to easily and cheaply transfer large sums of money quickly with zero risk of it being seized due to sanctions. US Treasuries, Stocks, Bonds, and even Gold and Silver are losing the desire they once held for obtainment due to the ease of seizure, or difficulty, time constraints and expense moving it around the globe.

For nearly 2 weeks, mysteriously large transfers of 10,000 ₿itcoin have been appearing on the Blockchain, often multiple times a day. Billions of dollars moved from brand new wallets, into brand new wallets, with no indication of who is sending it or who is receiving it. There is much speculation as to what these are, but it's clear there is an enormous transfer of wealth occurring.

Central Banks across the globe have announced that they are buying up ₿itcoin to add to their reserves to broaden the diversification of their assets. There is also talk of ₿itcoin becoming a World Reserve Currency within our lifetime, and banks would be foolish not to stock up on the future of money.

TIMESTAMPS:
0:00 - Intro
0:30 - Interest In Central Banks & Bitcoin
3:00 - Use Of Sanctions
5:30 - Storing Assets Outside Own Border
8:40 - The Need For A Strong Military
10:45 - New Sanction Paradigm?
15:30 - Gold vs US Sanctions
17:30 - Risk Of Holding US Treasuries
19:30 - Higher Risk of Sanctions Brings Diversification
20:45 - Bitcoin & Sanctions
25:15 - Central Banks & Bitcoin
29:00 - Game Theory
34:45 - Countries Buying & Not Revealing
39:00 - Points Of Disagreement On Bitcoin
48:15 - Bitcoin Isn’t A Currency?
59:00 - Market Is The Referee
1:00:30 - Biggest Bitcoin Milestones
1:03:00 - Volatility
1:12:00 - Future Outlook
1:15:00 - Find Online

Also see:

Iran makes first Import using Cryptocurrency, plans to start using it to Evade Sanctions! 🌴💰
https://www.bitchute.com/video/ClJchlVPAnA7/

Russia moving to ₿itcoin to Circumvent Sanctions and Conduct PRIVATE International Trade! ✊🤑
https://www.bitchute.com/video/YXTgL7NWSj2X/

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