The Bitcoin Policy Institute recently published a paper titled "The Case of Bitcoin as a Reserve Asset," which suggests that central banks around the world should use Bitcoin as a reserve asset to hedge against rising inflation, geopolitical risks, capital control risks, sovereign defaults, bank closures, and international sanctions imposed by the US government. The author of the paper, economist Matthew Ferranti, believes that Bitcoin is an "effective portfolio diversification tool" due to the weak correlation between decentralized assets and other financial instruments. @fnj38