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Home›Forex Rates›Why the Rise of a Bitcoin Standard Could Deter War

Why the Rise of a Bitcoin Standard Could Deter War

By Ricky Bagby
March 31, 2022
6
0

© Reuters.

Alex Gladstein, director of strategy at the Human Rights Foundation, said if adopted as a global reserve currency, nation states would have less incentive to start wars.

According to Gladstein, the United States was able to sustain its “eternal wars” in Iraq and Afghanistan primarily by borrowing capital. This was possible in large part due to the monetary policy of the Federal Reserve, which kept interest rates relatively low through quantitative easing.

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