IMF Labels Bitcoin ‘Digital Gold’? Not So Fast, Says Expert

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Bitcoinist 2d ago

IMF Labels Bitcoin ‘Digital Gold’? Not So Fast, Says Expert - Bitcoinist

Quick Summary:

Over the weekend, speculation on X claimed the International Monetary Fund (IMF) had officially recognized Bitcoin as "digital gold” in its newly updated Balance of Payments Manual (BPM7).

Popular influencers posted comments such as, "Breaking: The International Monetary Fund (IMF) has stated that Bitcoin is a digital gold,” and "Huge.

For instance, one passage notes that “one Bitcoin is equal to any other Bitcoin and can be divided into equal pieces,” placing emphasis on BTC’s fungibility rather than labeling it as a precious metal.