NEWSLETTER
During the weekend, the speculation about x claimed the International Monetary Fund (IMF) had officially recognized bitcoin as “digital gold” in its recently updated payments of payments (BPM7). Popular influencers published comments such as “Breaking: The International Monetary Fund (IMF) has declared that bitcoin is a digital gold” and “huge. The IMF calls bitcoin Digital Gold. A turning point. The new rules (BPM7) of the IMF (BPM7) add btc to the follow -up of global money. Just as you buy or sell or sell bitcoin through borders, is tracked as commercial property. ” “
The IMF supports bitcoin?
Even an outstanding defender and investor of btc Max Keizer <a target="_blank" href="https://x.com/maxkeiser/status/1903637582342164484″ target=”_blank” rel=”noopener nofollow”>united The fray, writing through x: “The IMF has just recognized bitcoin as de facto digital gold. The sources confirm that the IMF is adding bitcoin to its own reserves and will soon include btc in its basket/SDR index.”
However, a closer reading of 1,076 pages report It reveals that these radical statements are based on an erroneous interpretation of the IMF's writing around cryptographic assets. According to Dennis Porter, CEO and co -founder of the Fund of Law Satoshi, the rumors <a target="_blank" href="https://x.com/Dennis_Porter_/status/1903892319088361837″ target=”_blank” rel=”noopener nofollow”>lazy From a line that describes “new digital assets designed to be used as a means of payment or act as a value reserve.”
In Porter's words, it was “a massive section” to interpret this as the IMF that declared that btc was “digital gold”, although it saw it as a sign that the IMF recognizes the expected roles of several cryptographic assets.
“Ok, I have tracked why people affirm that the IMF said that bitcoin is digital gold. (…) This is a massive section to jump to:” The IMF says that btc is digital gold. “The key phrase is” designed to be. “
In particular, bitcoin is mentioned 5 times throughout the report. A key section of the BPM7 manual explains that “cryptographic assets without a counterpart liability designed to act as a means of exchange (e.g.
In practice, this categorization deals with btc in a similar way to property or basic products, instead of supporting it as a new form of gold. The report specifically refers to btc several times, often together with examples such as Stablecoins and nfts, to illustrate how these assets must register and track in international accounts. For example, a passage indicates that “a bitcoin is equal to any other bitcoin and can be divided into equal conditions”, which emphasizes the fungibility of btc instead of labeling it as a precious metal.
Another segment clarifies that “new digital assets” could be used as a payment method or as a value store, but does not raise btc to the status of an official monetary reserve. In fact, nowhere in the report the IMF suggests that btc will add to its reserves or include cryptocurrency in the SDR basket.
On the other hand, the updated IMF guidelines reflect a growing need to classify and document cross -border cryptography flows with greater precision. By highlighting the state of btc as a “non -financial asset”, the manual recognizes both the unique role of decentralized cryptocurrencies and the importance of monitoring its economic impact. However, any notion that the IMF has crowned btc's “digital gold” seems to be more rooted in the emotion of social networks than in the nuanced language of the real report.
At the time of publication, btc quoted at $ 86,889.
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