Bitcoin is no replacement for a national currency: IMF

by MOINSBD

The International Monetary Fund says cryptos can pose challenges to global market conditions and recommends against using them to replace a national currency. Tobias Adrian, Financial Counsellor and Director of Monetary and Capital Markets at the IMF, joins Yahoo Finance’s Adam Shapiro and Jennifer Schonbergerto discuss.
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43 comments

Donel Patterson October 13, 2021 - 3:32 AM

AABBG Gold-backed Cryptocurrency will be an future investment for Local, state gov'ts and probably many countries.

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Pedro Ortiz October 13, 2021 - 3:50 AM

The IMF guy has a talent for lying.

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Terloria Slolx October 13, 2021 - 4:11 AM

Bitcoin fell today from $43000 to $55000

omg such sad

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Stone One October 13, 2021 - 4:12 AM

Just bickering.

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XRP Freak October 13, 2021 - 4:17 AM

When Bitcoin has a marketcap of 100 trillion, it will be the most stable asset in the world, and all these bankers know it. All bankers can guarantee is your money losing value slowly.

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Iulian Serban October 13, 2021 - 4:27 AM

:)) he is afraid

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Donna Gibbs October 13, 2021 - 4:35 AM

I had 1 bitcoin. I was doing okay but I lost my job due to the Virus. Then i heard of a pro trader and advisor Mr Steve . I trusted his words and took his advice. i have made over 6.9 bitcoins using his service.

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AJAY STEVENS & CREATIVESOF October 13, 2021 - 4:37 AM

BITCOIN IS THE DEATH OF THE IMF, WEF, AND WORLD BANK. THEY ARE SCARED

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Grune D October 13, 2021 - 4:49 AM

Since when everyone on youtube became an expert investment advisor 😅🤣🤣

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c3dmf4s October 13, 2021 - 4:50 AM

The old money And the banks can say what they want. They are losing their wealth and its about time that everyone realizes that the people will no longer cower to the 1%.

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Shaurab.Hackercena on telegram Gir October 13, 2021 - 4:54 AM

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Shaurab.Hackercena on telegram Gir October 13, 2021 - 4:54 AM

wasnot 💂‍♀️moving and profligate 💂‍♀️simply because of lack of funds, but until l met thaey got me large funds to setup my business back proper🥘🥘

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Rodrigo Valencia B October 13, 2021 - 4:56 AM

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shaurab.Hackercena on telegram Giri October 13, 2021 - 5:34 AM

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Filip Sedivy October 13, 2021 - 5:40 AM

El Salvador was just the beginning.

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Yuji October 13, 2021 - 6:09 AM

Crypto is an existential threat to us IMF, threatening our job security!

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Zengineer October 13, 2021 - 6:13 AM

lol it's not meant to replace a currency, never was, transaction times are too slow.

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A October 13, 2021 - 8:46 AM

2 key issues I suppose. First is price volatility. A currency needs to be relatively stable on 3 fronts to be universally accepted: as a unit of measure, store of value and medium of exchange. Second is the enormous energy consumption to mine.

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xenomorph84 October 13, 2021 - 9:18 AM

🤡..why he is not mentioning countries with dead currencies?hyperinflation?
That is not volatile lol?
Btc is rising 200% a year..last 10 years

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Jason Park October 13, 2021 - 9:59 AM

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Systems Realty Team October 13, 2021 - 10:05 AM

Of course the IMF doesn't like bitcoin. They can't control it lol

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The Intelligent Investor October 13, 2021 - 11:16 AM

CATHIE WOOD said on SALT conference about 3 wekks ago that BITCOIN will hit $3k in the years ahead.

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Iamthe Kingsdaughter October 13, 2021 - 12:08 PM

Bitcoin is going to the moon cause money has no value backing it and Bitcoin is stored value

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Glenn Zarmanov October 13, 2021 - 1:03 PM

the IMF is the one posing stability challenges to the world economy.

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Brandy Bridgette October 13, 2021 - 1:30 PM

Thank you for your video

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David Noland October 13, 2021 - 1:52 PM

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E C October 13, 2021 - 2:17 PM

The point isn't to replace national currency. The point is to opt out of the crooked system. You fools still don't get it!

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Dean Braden October 13, 2021 - 2:48 PM

IMF: “our competition are thieves” 😂

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N October 13, 2021 - 4:48 PM

They sound like bitter former members of a rock band that broke up, and their mate is now more successful. Sour grapes.

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Gary Barry October 13, 2021 - 5:19 PM

Great investment invest in Shiba crypto ,3rd most popular worldwide coin only next to bit coin and eth has 720K holders investors and growing in a few days another 20K investors ,in one week market cap went from 3 billion dollars to 14 billion dollars market cap

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Fredrick Bit October 13, 2021 - 8:34 PM

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Williams moore October 13, 2021 - 10:35 PM

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Kuro Hikes October 13, 2021 - 10:39 PM

Everyone hates the imf.

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Cheryl Warren October 13, 2021 - 11:22 PM

Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.

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Emma fuentes Baltazar October 14, 2021 - 1:29 AM

Godbless

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Louis October 14, 2021 - 1:52 AM

I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?

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Crazy prayingmantis October 14, 2021 - 3:15 AM

No, the national currency will just run on Bitcoin rails

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