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#1147 Matthew Ferranti | Harvard Says Bitcoin Is Sanctions Hedge
The Pomp Podcast
Is There an Incentive to Underreport Cryptocurrency?
Do you think that there are any countries around the world who likely have already done this and just not revealed it? Or is it too hard to kind of guess in terms of where we are from like a adoption standpoint of nation states and central banks? Yeah. There is actually some interesting evidence that countries tend to underreport their gold holdings because they don't like having reports that they've taken a loss on their gold when the price drops. And so if there's an incentive to do that for gold, then certainly there'd be a much stronger incentive to underreport cryptocurrency always.
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