Kristalina Georgieva, Managing Director of the International Monetary Fund (#IMF), is of the opinion that cryptocurrencies should be distinguished from traditional money. In a recent interview with Yahoo Finance, she described them as an asset class rather than a form of currency.
Georgieva said it is important to distinguish between money and assets when discussing cryptocurrencies. She compared them to a wealth management fund, emphasizing their role as an investment vehicle. This view coincides with the IMF's position on the issue.
Georgieva also emphasized the importance of diversifying investment portfolios. She noted that the US dollar remains the dominant currency due to the size of the US economy and the depth of the capital market. In her opinion, any scenario in which cryptocurrencies challenge the dollar's dominance is a remote possibility.
These statements by the IMF Managing Director came as 11 spot #bitcoin ETFs were approved in the US. On the first day of these ETFs, trading volume totaled about $4.5 billion. This event sparked discussion and debate about the role of digital assets in the US financial system.
Senator Elizabeth Warren criticized the US Securities and Exchange Commission (#SEC) for making such a decision. In her opinion, the move allows digital assets to penetrate deeper into the #US financial system, raising concerns about potential risks and regulatory issues.
