Central Banks Quietly Invest in Cryptocurrency

Central Banks Might Be Quietly Investing in Cryptocurrency
The idea may seem farfetched, but there’s substantial evidence suggesting that central banks around the world are quietly investing in cryptocurrencies like Bitcoin. The reason behind these covert investments? Central banks need to hedge against policies of their own making. As countries struggle with massive debts, traditional austerity measures aren’t politically viable options anymore. This has led many nations towards implementing alternative strategies – most notably quantitative easing programs where new money is pumped back into circulation by purchasing government bonds from financial institutions. However, such measures come at a cost as it can lead to inflationary pressures over time which further worsens economic conditions for average citizens while enriching only those who hold assets or cash reserves denominated in these devaluing currencies…

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