- HRF CSO says bitcoin repairs a broken democracy by limiting the government’s ability to control its people.
- Russia and China, both the world’s largest autocrats, have been hostile to cryptocurrencies.
Bitcoin (BTC) Bitcoin mends broken democracies and combats government corruption by limiting a government’s ability to control its people, according to Alex Gladstein, chief strategist (CSO) at the Human Rights Foundation and a bitcoin advocate.
Gladstein argued in a Interviewheld on February 20, that the decentralized nature of bitcoin can act as a barrier against corruption and tyranny.
“Where democracy has broken down, I think it relates very clearly to fiat currency, and I think Bitcoin fixes that.”
Gladstein serves as HRF’s chief strategy officer and has been working at the nonprofit since 2007. HRF’s mission is to promote and protect human rights around the world, especially in countries where people live under authoritarian rule. .
Gladstein claimed that bitcoin stands for free speech, property rights, and open capital markets, all of which are being stifled by a tyrannical government that often relies on censorship, confiscation, and closed capital markets.
“This is what China and Russia need to survive: they need censorship, they need closed capital markets and they need confiscation, Bitcoin makes it really hard for governments to force those things on their people.”
Russia and China, both being the world’s largest autocrats, have previously been hostile to cryptocurrencies. chinese government forbidden Virtually all cryptocurrency trading in 2021; However, the next cryptocurrency from Hong Kong licensing regime This fueled speculation that China’s stance on cryptocurrencies is becoming more receptive.
Gladstein’s idea is not unique
Gladstein is not the first person to express such an opinion about cryptocurrency. in 2021 MailBitcoin infrastructure provider OpenNode expressed similar sentiments regarding the benefit of BTC donations in the fight against official crackdowns.
“One of the advantages of bitcoin is its resistance to censorship.”
Furthermore, Gladstein predicted that in the coming years, more people will experience liquidity and technical problems with traditional financial services, causing them to switch to BTC as an alternative.