Harvard paper to central banks: Buy Bitcoin!

Harvard paper to central banks: Buy Bitcoin!

With help from Derek Robertson and Daniel Lippman

CAMBRIDGE, MASS.— Bitcoin was invented to circumvent the world’s central banks, so the idea that those banks would start buying Bitcoin in bulk ranks somewhere from counterintuitive to far-fetched.

But after Western governments froze Russia’s foreign exchange reserves early this year, speculation mounted that some…


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