Some of you may have seen a crypto few headlines related to a financial stability report that was released by the IMF.
This got me curious as to what the report was all about and what it specifically said about cryptocurrency. It’s safe to say that I wasn’t disappointed.
For reference, the IMF is another one of the unaccountable international financial institutions that has an uncanny amount of influence over what goes on in countries. As such, what they say about cryptocurrency is taken as the gospel truth by governments.
In short, the IMF is concerned that cryptocurrency and crypto related technologies such as DeFi and even branchless banks pose significant risks to the financial system. By that they mean that these technologies are harder to control, and they really don’t like that.
It’s honestly crazy how transparent these international organizations are about their crypto related intentions. Whether it’s shutting down anything that competes with the big banks or using CBDCs to fight the adoption of cryptocurrency, it never ceases to amaze me.
These are just a few of the crazy things I discuss in today’s video, and it’s a must watch if you want to know what comes next for the crypto market.
⛓️ 🔗 Useful Links 🔗 ⛓️
► IMF Financial Stability Report: https://www.imf.org/en/Publications/G…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.