The above study claims that Satoshi Nakamoto had a clear political agenda when creating Bitcoin: he was afraid that central banks will create hyperinflation and dilute the value of fiat currency.

The presence of Bitcoin and other cryptocurrencies in the marketplace will likely pressure central banks to pursue less strict monetary policy.

Central Banks will likely benefit from adapting blockchain technology for use in their transaction clearing functions for all the banks in the economy.

A sovereign digital currency (e.g., “CB-COIN” or “FEDCOIN”) would have certain implications for the monetary policy. For example, lowering interest rates to stimulate the economy during a recession would become easier.