Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Crypto received a blunt message from the IMF chief: ‘It’s not money.’
BITCOIN NEWS

Crypto received a blunt message from the IMF chief: ‘It’s not money.’

By Crypto FlexsJanuary 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto received a blunt message from the IMF chief: ‘It’s not money.’
Share
Facebook Twitter LinkedIn Pinterest Email

Amid much anticipation approval Regarding Bitcoin spot exchange-traded funds (ETFs), which have sparked excitement in the cryptocurrency industry and opened the door to institutional investment, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said: expressed critical views about it.

Aren’t cryptocurrency assets the same as money?

In recent years interview Speaking with Yahoo Finance, Georgieva emphasized the distinction between money and cryptocurrency assets when discussing cryptocurrencies.

According to Georgieva, cryptocurrencies should be considered an asset class rather than a form of currency. She highlighted the different levels of security and risk associated with different cryptocurrencies depending on whether the asset backs them or not. Georgieva likened cryptocurrencies to money management funds rather than a form of real money. The International Monetary Fund (IMF) director argued:

Our view is that a distinction must be made between money and assets. When we talk about cryptocurrencies, we are actually talking about an asset class. It could be safer and less risky because you can back it up, or it could be a riskier investment because you can’t back it up. But it’s not exactly money. It is more like a money management fund.

Interestingly, according to Yahoo, Georgieva’s comments came just hours before the U.S. Securities and Exchange Commission (SEC) approved the launch of a new spot Bitcoin-backed ETF.

This regulatory approval allows the following financial institutions: Cathy Wood’s Ark and BlackRock introduce these ETFs. A total of 11 spot Bitcoin ETFs have been approved, giving regular investors exposure to the world’s largest cryptocurrency without having to own it directly.

While debuting Bitcoin ETF Georgieva marks a significant milestone for the cryptocurrency industry and signals growing institutional acceptance. Georgieva remains cautious about the potential for cryptocurrencies to compete with traditional currencies such as the U.S. dollar.

Georgieva emphasized that the dollar’s dominance is “supported” by the size of the US economy and the depth of its capital markets. Georgieva believes that a scenario where cryptocurrencies challenge the value of the dollar is still far in the future and not an urgent issue.

Analyst Urges Investors to Embrace Bitcoin Dip

The approval of the spot Bitcoin ETF was heralded as a landmark day for the cryptocurrency industry, with industry experts predicting a surge in investment.

Related reading: Ripple CEO Garlinghouse to speak at World Economic Forum

Analysts such as Bernstein’s Gautam Chhugani advise investors to view minor sell-offs as opportunities, highlighting Bitcoin’s asymmetric upside potential. Chuguni said:

My simple advice to all investors is to buy the dip and focus on the new Bitcoin adoption cycle. Small selling is an opportunity given the asymmetric upside potential ahead.

Coinbase Chief Financial Officer Alesia Haas, on the other hand, views ETF approval as follows: catalyst This will attract trillions of dollars of previously inaccessible cryptocurrency assets.

The daily chart shows the price decline of BTC following the ETF’s approval. Source: TradingView.com BTCUSDT

Since the ETF’s approval, Bitcoin has experienced a retracement and is currently trading around $42,700, down 6% over the past seven days. The ETF’s long-term impact on the price of Bitcoin and the broader industry is yet to be determined.

Featured image from Shutterstock, chart from TradingView.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ZBCN is tradable!

October 15, 2025

Mobile App Change Log 7.17.0

October 9, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025
Add A Comment

Comments are closed.

Recent Posts

Bombastic Casino Unveils New Design And Enhanced Features

October 21, 2025

Leading A New Era Of AI Model Training And Digital Computing Power Contracts

October 21, 2025

Earn 15% APR With Flexible Redemption And Up To 2,926 USDT

October 21, 2025

Crypto Market Recovers As Liquidity Returns — Pepeto Announces $700K Giveaway And 221% Staking Rewards

October 21, 2025

6 Best AI Quant Apps: Smarter Automated Trading Solutions for the Modern Investor

October 21, 2025

Start Passive Crypto Income At Zero Cost

October 21, 2025

Limitless Prediction Market Closes $10M Seed Round Ahead Of LMTS Token Launch

October 20, 2025

Whale.io Introduces Crock Dentist Game And Exclusive RWA NFT Collection

October 20, 2025

Bybit Card Honored As “the Best Performing Crypto Card” By Mastercard At EDGE 2025

October 20, 2025

Jupiter Launches Ultra V3 – The Ultimate Trading Engine For Solana

October 20, 2025

Jiuzi Holdings, Inc Enters Strategic Partnership With BitFi To Advance Bitcoin-Centric Finance

October 20, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bombastic Casino Unveils New Design And Enhanced Features

October 21, 2025

Leading A New Era Of AI Model Training And Digital Computing Power Contracts

October 21, 2025

Earn 15% APR With Flexible Redemption And Up To 2,926 USDT

October 21, 2025
Most Popular

Binance Supports Sei (SEI) Network Upgrade, Temporarily Suspends Deposits and Withdrawals

September 16, 2024

Bybit Private Wealth Management’s Standout USDT Yield Strategy Set New Bar In July

August 18, 2025

Concluding the KZG awards ceremony

January 23, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.