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cryptocurrencyat.com

Why the rise of a Bitcoin standard could deter war-making

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The CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency,

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Nation-states would be less incentivized to start wars.

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The U.S. was able to sustain its "forever wars" in Iraq and Afghanistan mainly by borrowing capital

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That was possible largely because of the Federal Reserve's monetary policy, which has been keeping interest rates relatively low through quantitative easing

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Bitcoin's total supply is immutable

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That means that if nations adopted it as their main reserve, interest rates on borrowed capital would be much higher

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According to Gladstein, would make unpopular wars harder to sustain for governments

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The Russia-Ukrainian conflict culd trigger the decline of the U.S. dollar as the dominant reserve currency

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Nation states are looking to reduce their dependency on the greenback after the U.S. froze Russia's dollar-denominated reserve in response to its attack on Ukraine