🔥 The International Monetary Fund #IMF published a 43-page study highlighting the role of #Bitcoin in the field of cross-border remittances

The study shows the following two notable points:

1/ Bitcoin is not only a speculative tool, but also an option to protect assets against economic and political instability

"Evidence is the positive correlation between the VIX index (which measures market fear) and Bitcoin flows into/out of the Chainalysis platform. Every time VIX increases, Bitcoin flows into and out of Chainalysis also increase significantly."

2/ People are using Bitcoin for its intended purpose, as a currency that can protect them from economic instability or government control.

"Bitcoin flows are often larger in developing countries, like Nigeria, Argentina or Venezuela, than in developed countries. This is partly due to low taxes and open regulation but also shows that people in these countries These people are looking to Bitcoin as a solution to prevent inflation when the local currency is seriously devalued.

Without discussing the accuracy of the research, most importantly, the IMF's attitude towards Bitcoin has gradually become more positive. A few years ago, this agency also called Bitcoin a "Fraudulent Virtual Currency", but now...