Geopolitical

Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin thumbnail

Geopolitical Crisis May Benefit Oil, Gold and CBDCs, Not Bitcoin

gold is skyrocketing and the clamor for scarce assets in a remote-first world was precisely where bitcoin was supposed to shine.¬†However, rather than creating a perfect scenario for the supranational money, the coronavirus crisis could instead entrench reliance on traditional institutions. In a world where central bank digital currencies (CBDCs) from major economies are fast…