Fed Acquiring Bitcoin Is Hedge Against Themselves, Says Gabor Gurbacs

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The Federal Reserve (Fed) acquiring bitcoin would be a hedge against themselves, diversify holdings and safeguard against inflation, says Gabor Gurbacs, former VanEck advisor.

The government would have to hold bitcoin for a minimum of 20 years.

This is essentially a hard asset acquisition strategy, similar to what central banks do with gold.“This is essentially a hard asset acquisition strategy, similar to what central banks do with gold.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Against Federal Reserve Acquiring FED News Latest News Says Gabor Gurbacs Gabor Gurbacs BITCOIN Hedge Themselves

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-29 @ 13:04:18 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21824485

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