Bitcoin is called the main threat to circumventing sanctions

The Bitcoin Policy Institute has published an article titled «Bitcoin's Potential as a Reserve Asset,» according to which the first cryptocurrency can become an effective tool for circumventing international sanctions.

The author of the article, economist Matthew Ferranti, believes that bitcoin will allow central banks to conduct their own monetary policies more independently of the US and reduce the pressure of inflation on local economies.

The first cryptocurrency has proven to be an effective diversifier of large investment portfolios, as there is no strong correlation between it and other financial instruments, the expert believes.

According to him, bitcoin, if accepted by regulators as a reserve, will reduce the risks of collapse of large commercial banks, reduce the pressure on global markets of the US government debt, which recently exceeded $ 35 trillion.

The analyst noted that the rapid depreciation of national currencies could be halted by the central banks of leading countries placing reserves of hard currency on their balance sheets.

If Donald Trump wins the US presidential election, the likelihood of trade wars in the world will increase dramatically, and the commodity trading system as a risk hedging tool will reduce the negative effect, the economist suggested.