Odaily Planet Daily News 📢 The Bitcoin Policy Institute has recently published a significant paper titled "The Case for Bitcoin as a Reserve Asset"! The article suggests that central banks around the world adopt Bitcoin as a reserve asset to address inflation, geopolitical risks, capital control risks, sovereign default, bank failures, and international sanctions by the U.S. government. 🌍

Economist Matthew Ferranti points out that Bitcoin, as a decentralized asset, has a lower correlation with other financial instruments, making it an "effective portfolio diversification tool." He also emphasizes that Bitcoin has no counterparty risk and can effectively hedge against sovereign default and financial sanction risks. 💼

Although the allocation of Bitcoin and gold may not be the first choice for every central bank, Ferranti believes that Bitcoin possesses similar value storage and hedging properties as gold, especially in situations of rapid currency depreciation. 📈✨

This article provides a new perspective on the potential of Bitcoin as a reserve asset, making it worth paying attention to!