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73 sats \ 3 replies \ @chairman_pretense 21 Apr \ on: IMF says Bitcoin has become necessary financial tool for preserving wealth bitcoin
Bitcoiners need to learn the difference between an organisation taking a new policy position and an organisation publishing research briefs.
This is a research brief.
Anyone who has worked in a large global corp or NGO understands that the rank and file of the org are regularly debating and exploring ideas, some of which go on to inform policy. But very often the wider political context of the org means research briefs and projects do not change policy.
Think of all the telecom companies who saw the internet coming but did nothing, the auto companies who had teams exploring EVs back in the 90s and went nowhere, how Kodak and Polaroid predicted digital photography but failed to shape their companies around it in time.
It's an interesting paper, but it's no indicator that the entire IMF is about to go Bitcoin maxi.
"The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management."
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I would also add that this is still "net bullish", as it demonstrates Bitcoin has far passed the point of being ignored. The race is on for political & corporate groups to try to understand it. What they do with what they learn remains to be seen...
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Bitcoin has far passed the point of being ignored
Exactly 💯
The race is on for political & corporate groups to try to understand it.
Political and corporate groups don't care about understanding monetary theory of the current fiat world (even though its an essential requirement for their job) so why on Earth would they need to understand a technology 1000x more complex like Bitcoin.
All they are interested in is to have tools which makes them supreme in some primitive aspects than others - that's it!
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