IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money - by Jamie Redman

[Ciaran]

This month the International Monetary Fund (IMF) released a report on global monetary policy in the digital age which explains that “crypto assets may one day reduce demand for central bank money.” The IMF study was written after an IMF staff discussion that details that cryptocurrencies could someday lower the demand for fiat currencies by creating a shift from “credit money to commodity money.”

We cannot rule out the possibility that some crypto assets will eventually be more widely adopted and fulfill more of the functions of money in some regions or private e-commerce networks.

Read the full article here: https://news.bitcoin.com/imf-says-bitco ... iat-money/