Bitcoin was invented to circumvent the world’s central banks, so the idea that those banks would start buying Bitcoin in bulk ranks somewhere from counterintuitive to far-fetched. But after Western governments froze Russia’s foreign exchange reserves early this year, speculation mounted that some central banks would acquire cryptocurrency as a form of insurance against financial blockades from the U.S. and its allies. In the months since, it has remained little more than speculation. But the idea has remained a fixation among Bitcoin investors, who tend not to support U.S. foreign policy objectives, and who view it ... (full story)