Bitcoin is seen as an essential tool for ensuring freedom and protection of civil rights under authoritarian regimes. Human Rights Foundation's Alex Gladstein posits that Bitcoin promotes financial independence and reduces government control over citizens' assets.
Gladstein's View on Bitcoin
Gladstein argues that Bitcoin limits the ability of governments to track, freeze, or debase individuals’ assets. "Bitcoin is bad for dictators," he emphasizes, explaining how self-custody allows individuals to protect their wealth from political interference.
Historical Examples of Bitcoin Use
Gladstein recalls the HRF's experience with Bitcoin during Ukraine’s 2013 pro-democracy protests, when traditional financial channels failed activists. At that time, Bitcoin was worth just $100, but it proved effective in bypassing frozen bank accounts and supporting those on the ground.
Bitcoin's Impact on Authoritarian Regimes
Gladstein notes that in many countries under authoritarian rule, governments weaponize inflation, currency controls, and financial blacklisting to silence dissent. The decentralized nature of Bitcoin, when used securely, gives citizens a financial escape route that is not easily compromised by the state. He urges U.S. policymakers to understand Bitcoin not just as a speculative asset, but as a tool of resilience for millions living without access to basic financial freedoms.
Given the rising authoritarianism and economic instability across various regions, Bitcoin is viewed as a viable tool for protecting civil rights and ensuring financial freedom.
