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

Published 03/30/2022, 12:30 PM
Updated 03/30/2022, 02:00 PM
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Alex Gladstein, the chief strategy officer 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 United States 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.

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