Antiwar

Alex Gladstein, the CSO at the Human Rights Foundation, says that if Bitcoin was adopted as a global reserve currency, nation-states would be less incentivized to start wars. According to Gladstein,  the U.S. was able to sustain its “forever wars” in Iraq and Afghanistan mainly by borrowing capital. That was possible largely because of the Federal Reserve’s monetary policy, which has been keeping interest rates relatively low through quantitative easing.  “We literally print money, we sell bonds to the open market for a promise to pay in the future and we use the income from the bond sales to pay for these wars.”, explained Gladstein in a latest interview with Cointelegraph.  Unlike fiat currency, Bitcoin’s total supply is immutable. That ...