The IMF Is Officially Going Gangsta To Stop Crypto!

The IMF Is Officially Going Gangsta To Stop Crypto!

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The IMF is Going Gangsta To Stop Crypto

Cryptocurrency has taken the world by storm with many pundits and prominent authorities in the space consistently reiterating that we are very early in the adoption process. Thought leaders such as Kevin O’Leary, Cathie Wood, Raoul Pal, Michael Saylor, and Plan B have all stated that once Bitcoin becomes part of the sovereign wealth funds’ and the insurance fund’s allocation, cryptocurrency has truly hit the mainstream and we can see a major uptick in the market cap. Bitcoin enthusiasts and early adopters understand the true sovereignty of the asset, and the mass adoption seems almost inevitable, but of course, there are always speed bumps along the way. And the latest speed bump seems to be the IMF. The International Monetary Fund is a financial institution that consists of 190 countries. The IMF states that its main mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." In simple terms, the IMF plays a central role in the management of balance of payments difficulties and international financial crises and as it currently stands, there is a worldwide financial crisis and many difficulties. Pundits are suggesting the eurozone is facing an economic crisis concurrent from the war in Ukraine. Food and energy prices are skyrocketing worldwide. The United States Federal Reserve has raised interest rates and the Dow Jones has seen its worst days since 2020. The Crypto market hasn’t been immune to the crisis, as more than $128 billion in cryptocurrency market capitalization was wiped off in a matter of hours. Needless to say, worldwide, the economic outlook shows instability and then there are countries that are truly having hardship economically.
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