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Wednesday, October 21, 2026Updated 22:33 UTC

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BIS Paper Shows Meme-Level Grasp of Bitcoin, But Agrees With Saylor on Key Point

Source: Bitcoin News · Oct 21, 2026 18:05 UTC

Entrance of the Federal Reserve Bank of Cleveland with its arched windows and statues — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

A paper from the Bank for International Settlements (BIS), an organization of central banks, recycles old, repeatedly rebutted claims about bitcoin—but agrees with Strategy’s Michael Saylor that it isn’t working as everyday money. Both reach that conclusion, but for opposite reasons. In “Money and the Architecture of Trust,” published this month, Iñaki Aldasoro, an economist […]

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