Bitcoin

Bitwise Chief Investment Officer Matt Hougan reviewed a 43-page report recently published by the International Monetary Fund (IMF) on cross-border movements in Bitcoin. He shared three key takeaways from the report.
The report highlights that countries with limited access to the global economy are significant users of Bitcoin.
Estimated Bitcoin cross-border flows are quite large relative to the GDP of many countries, especially those experiencing relatively small capital flows. This finding suggests that individuals in countries facing capital controls or limited access to the global economy are using Bitcoin as an outlet. This supports the idea that BTC is a tool for economic freedom.
The report also includes a chart comparing cross-border BTC flows with flows into traditional investment products by GDP. The US stands out as an extreme outlier with its low adoption of Bitcoin compared to traditional capital flows. This suggests that the US perspective does not reflect the reality of many other countries, such as Venezuela and Ukraine, which show higher Bitcoin adoption rates.
Related News: <a href="https://en.bitcoinsistemi.com/breaking-coinbase-goes-on-a-streak-announces-another-new-altcoin-to-list-today/" target="_blank" rel="noopener noreferrer nofollow">BREAKING: Coinbase Goes on a Streak - Announces Another New Altcoin to List Today</a>
The IMF report, authored by three researchers, includes a review of relevant academic literature and uses sophisticated on-chain and off-chain techniques to identify BTC capital flows. The IMF's interest in Bitcoin is driven by its rapid growth over the past decade and the growing need for policymakers to understand its impact on the global economy.
The report concludes that Bitcoin makes it easier to bypass capital flow restrictions, a finding consistent with recent studies. According to the report, policy makers aiming to manage capital flows should ensure that capital flow management regulations also cover cryptocurrencies. The report also states that the increase in Bitcoin usage is a “symptom” of imbalances in the traditional economy.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-does-the-imfs-report-on-bitcoin-mean-statement-from-the-investment-company/" rel="noopener noreferrer nofollow">What Does the IMF’s Report on Bitcoin Mean? Statement from the Investment Company</a>

What Does the IMF’s Report on Bitcoin Mean? Statement from the Investment Company

Bitcoin Sistemi EN

2024年4月23日公開の他の記事

Was Ripple HACKED? Hacker stole $112 million worth of XRP…

Top 3 Cryptocurrencies to Eye Before the Bull Run

BTC Rallies Amid Increasing ETF Net Inflow Days After Bitcoin Halving

Exploring Ripple’s XRP Price: Will It Surge in 2024?

Shiba Inu vs. PEPE: What Could be the outcome of investing $500 over the next 30 days?

Top 3 Coins Under $1 For Massive Returns

ニュースレターを購読して暗号資産の最新情報を毎日入手！