Source: Bitcoin.com
by Corbin Fraser
“Nearly all countries are up to their ears in debt. Since austerity measures are not politically acceptable, they must find other ways to manage that debt – and the easiest path is just to inflate it away! If you make the value of each dollar of debt worth less and less each year, it naturally becomes easier to find the money to pay it off. … Of course, central banks know all about inflation, which is why they try to minimize the amount of currency they hold in reserve. Instead, they opt for hard assets – ie. assets that don’t get devalued year after year. Gold is one such asset, and so are stocks, and even some kinds of bonds. Bitcoin is also an inflation-resistant asset, which is why central banks are probably scooping it up right now.” (10/21/24)
https://news.bitcoin.com/central-banks-are-secretly-buying-bitcoin/