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Author Topic: [2018-04-17] IMF’s Lagarde: BTC ‘Could Have a Significant Impact on How We Save‘  (Read 19 times)
BitcoinArsenal
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April 17, 2018, 05:02:14 PM
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In an official International Monetary Fund Blog post yesterday, IMF Managing Director Christine Lagarde showered positive sentiment on the cryptocurrency market, though also cautioned against both “crypto-condemnation” and “crypto-euphoria.”
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April 17, 2018, 06:07:28 PM
Last edit: April 17, 2018, 10:28:25 PM by Carlton Banks
 #2

She's (unfortunately) right about this.

Bitcoin's most significant use case, until merchant acceptance grows sufficiently, is as a long term investment. "Saving" is the wrong expression, but hey, economics isn't Lagarde's strongest discipline Cheesy

Not saying Bitcoin shouldn't be used for commerce, I entirely encourage that. Merchant acceptance has never been as good as it is now, and isn't slowing down. But investment is Bitcoin's number 1 purpose, facts are facts.

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April 17, 2018, 09:48:36 PM
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She's (unfortunately) right about this.

Bitcoin's most significant use case, until merchant acceptance grows sufficiently, is as a long term investment. "Saving" is the wrong expression, but hey, economics isn't Lagarde's strongest discipline Cheesy

Not saying Bitcoin shouldn't be used for commerce, I entirely encourage that, merchant acceptance has never been as goo as it is now, and isn't slowing down. But investment is Bitcoin's number 1 purpose, facts are facts.

Yes, Bitcoin is not so much a store of value as a means of speculation at the moment. And smart contract cryptos like Ether and Cardano are valued based on the potential they hold, not for anything they have done so far.


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