IMF Endorses Bitcoin as a Vital Asset for Financial Stability Amid Global Economic Challenges

23.04.2024 00:39 83 times read Reading time: 2 minutes 0 Comments

Financial Instability: IMF Views Bitcoin as a Significant Asset Protection

In a recent report, the International Monetary Fund (IMF) highlights the importance of Bitcoin during times of financial instability. According to BTC-ECHO | Bitcoin & Blockchain since 2014, it is evident that especially in regions with restrictive financial regulations and economic hardships, people increasingly turn to Bitcoin to move capital across borders. The IMF, however, also emphasizes the challenges regulators face in monitoring these transactions.

BlackRock Bitcoin ETF Records Sustained Inflows

According to a report from Cointelegraph Deutschland, the BlackRock iShares Bitcoin Trust (IBIT) has remarkably experienced 69 consecutive days of inflows. This development coincides with the "4/20" halving date, which has caught the attention of crypto investors. Despite a decline in April, interest in this largest US Bitcoin spot ETF remains strong.

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Beyond Real Estate: The Investment Strategies of the Ultra-Rich

FOCUS Online reports on the preferred investment strategies of the world's wealthiest individuals. Contrary to trends, they do not opt for quick gains through volatile markets like cryptocurrencies or illiquid assets, but rather prefer stable investments such as high-quality real estate and fixed-income securities.

Possible Price Manipulation in Bitcoin?

An investigation by the Swiss news portal BLICK explores various methods by which Bitcoin's price could be manipulated, including fake news and spoofing tactics. Experts are divided on how much impact such manipulation techniques can actually have.

Harsh Criticism of the Crypto Sector from Goldman Sachs Expert

At finanzen.ch, a leading banker from Goldman Sachs expresses severe doubts about the value and utility of digital currencies like Bitcoin. She even compares the hype surrounding digital coins to historical speculative bubbles such as Tulip Mania in the 17th century.

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A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

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