Flow

Bitcoin

<p>Bitwise CEO Matt Hougan shared his views on the International Monetary Fund’s <a rel="noopener noreferrer nofollow" href="https://www.imf.org/en/Publications/WP/Issues/2024/04/05/A-Primer-on-Bitcoin-Cross-Border-Flows-Measurement-and-Drivers-547429" target="_blank">paper</a> on cross-border flows in Bitcoin, stating his key takeaways. The paper highlights major trends in the Bitcoin industry and how investors have perceived the cryptocurrency. Hougan in a post on X shared his key takeaways from the research.</p>
<h2 id="bitcoin-a-safe-heaven-in-restricted-economies">Bitcoin a Safe Heaven In Restricted Economies</h2>
<p>Hougan says that countries with restricted access to the global market are among the biggest consumers of Bitcoin. The estimated cross-border <a href="https://coingape.com/peter-schiff-discredits-bitcoin-as-digital-currency-states-post-halving-flaws/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin flows</a> are significant in the GDP of many countries, particularly those that see relatively little capital transfers, the research observes. The entire study reiterates this conclusion. Additionally, it implies that Bitcoin is being used as a release valve by citizens of nations with capital controls or restricted access to the global economy.</p>
<h2 id="us-stands-as-bitcoin-outlier">US Stands As Bitcoin Outlier</h2>
<p>Comparing the US’s limited adoption of Bitcoin to traditional financial flows, it stands out as an extreme outlier. As a result, Hougan believes that not everyone sees the world from this perspective. The study presents evidence in the form of an excellent GDP-based graph that contrasts cross-border BTC flows with flows into traditional investment products. The US has the highest reading of traditional funds’ dominance. Venezuela and Ukraine are two nations at the other end of the spectrum, highlighting that other nations with not-so-stable economies have less dependence on traditional assets.</p>
<h2 id="imf-s-watch-on-bitcoin-shows-its-growth">IMF’s Watch on Bitcoin Shows Its Growth</h2>
<p>According to Hougan, IMF’s interest in Bitcoin likely indicates how lawmakers are trying to understand the sector better. Because BTC “has grown rapidly over the past decade,” the IMF is doing this research because policymakers are becoming more and more interested in understanding how it will affect the world economy. The interest could subsequently result in better understanding, rules and regulations, and better monitoring of the crypto markets.</p>
<p><strong>Read Also: <a href="https://coingape.com/sec-seeks-5-2b-penalties-from-terraform-and-do-kwon/" target="_blank" rel="noopener noreferrer nofollow">SEC Seeks $5.2B Penalties from Terraform and Do Kwon</a></strong></p>
<p>The post <a href="https://coingape.com/bitwise-ceo-dissects-imf-bitcoin-flow-report-here-is-what-to-know/" rel="noopener noreferrer nofollow">Bitwise CEO Dissects IMF Bitcoin Flow Report; Here is What to Know</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Bitwise CEO Dissects IMF Bitcoin Flow Report; Here is What to Know

Mục lục

Coingape News Media

Các bài viết khác được xuất bản trên 23 thg 4, 2024

PayPal Aims to Green Bitcoin Mining with Rewards System

Binance Announces KAVA Coin Network Upgrade

Luna Classic’s Rally and Dip: Bitbot Crypto Presale Draws Focus

Spot Bitcoin ETFs See $35M Net Inflow On First Trading Day After Halving; Trump Reverses TikTok B...

Terraform Labs And Do Kwon Face $5.3B Penalties In SEC Fraud Case

Grayscale Acquisition: Will it Happen SOON?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!