IMF managing director Kristalina Georgieva on crypto: It’s not money – Yahoo Finance

No Comments

Premium Domain Names for Sale at CrocoDom.com
Crypto’s latest big moment is worthy of one big reminder too.
The US dollar is still the US dollar, and crypto is, well, just an investment vehicle.
Said reminder comes compliments of the International Monetary Fund (IMF), one of the foremost global authorities on payments and financial stability.
“Our view is that we have to differentiate between money and assets. When we talk about crypto, we are actually talking about an asset class. It could be backed up and in that sense, more secure and less risky, or it could be not backed up and, therefore, a riskier investment. But it is not exactly money. It’s more like a money management fund,” IMF managing director Kristalina Georgieva told Yahoo Finance Live.
Georgieva’s comments came mere hours before the SEC paved the way for the debut of new spot bitcoin-backed ETFs last week.
Regulators gave the all-clear sign to financial institutions such as Cathie Wood’s Ark and BlackRock (BLK) to debut these new ETFs. A total of 11 spot bitcoin ETFs were approved.
Average investors will now be able to gain exposure to the world’s largest cryptocurrency without having to own it. Crypto in your 401k? Hey, if you want that risk and can sleep at night.
The ETFs began trading last Thursday, with the crypto-verse now turning attention to potential ethereum ETF approvals this spring.
It’s a big moment for the crypto industry, which has endured boom and bust periods over the past five years and the downfall of onetime prominent leaders in FTX’s Sam Bankman-Fried and Binance’s CZ.
“Our simple advice to all investors is — buy the dip and focus on the new bitcoin adoption cycle. The minor selloffs are opportunities in view of the asymmetric upside ahead,” said Bernstein analyst Gautam Chhugani in a client note reviewed by Yahoo Finance.
Coinbase CFO Alesia Haas told Yahoo Finance’s Seana Smith that it was “a landmark day for crypto,” but “this is a long journey and this is just one step along the way” in the bid for crypto to gain more widespread acceptance.
Haas believes the spot bitcoin ETF approval will “invite trillions of dollars that were previously not able to access crypto assets and not able to access bitcoin.”
Despite the latest bitcoin hoopla, the IMF’s Georgieva doesn’t think the day is nearing that the crypto will rival the dollar in stature.
“Look, this day, if it exists, is so far in the future that I think it is not very useful to talk about it. Why is the dollar today a dominant currency? Because of the size of the US economy and, most importantly, the depth of the capital markets in the US,” Georgieva explained, comparing the dollar’s attributes to other key global currencies.
“So I, for one, am not in a rush to turn my dollars into another currency. It doesn’t mean that you shouldn’t, you know, diversify. But, I wouldn’t worry too much about [bitcoin rivaling the dollar]. There are things that make me lose sleep — that’s not one of them.”
Read the latest from the World Economic Forum in Davos, Switzerland:
IMF managing director on AI’s impact: New social safety nets may be needed
Microsoft co-founder Bill Gates on AI’s impact on jobs: It’s great for white-collar workers, coders
Generative AI is miracle technology for profit-hungry CEOs: PwC survey
‘Sheer panic’ from European leaders on potential second Trump term: Ian Bremmer
Brian Sozzi is Yahoo Finance’s Executive Editor. Follow Sozzi on Twitter/X @BrianSozzi and on LinkedIn. Tips on deals, mergers, activist situations, or anything else? Email brian.sozzi@yahoofinance.com.
Click here for the latest crypto news, updates, values, prices, and more related to bitcoin, ethereum, dogecoin, DeFi, and NFTs
Read the latest financial and business news from Yahoo Finance
In the closing of the recent trading day, Ford Motor Company (F) stood at $11.46, denoting no change from the preceding trading day.
Royal Mail has warned that it may need a taxpayer bailout to keep the postal service afloat amid a sharp decline in letter sending.
The Vanguard S&P 500 ETF is a great investment for investors of all experience levels.
Grant Cardone, a successful billionaire in the real estate sector, recently offered insights on the financial implications of leasing versus buying vehicles. In a December Instagram reel titled “I lease all my vehicles except one,” Cardone advises against purchasing cars, describing it as a financially imprudent decision. He advocates for leasing as a more financially viable option, highlighting the rapid depreciation cars typically experience. Despite his preference for leasing, Cardone makes a
SoFi Technologies, Inc. (SOFI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Market expert Howard Lutnick reveals the real estate news that “no one” is talking about on ‘Mornings with Maria.’
Donald Trump’s unexpected 30-point victory in the Iowa caucus has not only shaken the political landscape but also sent ripples through the financial markets, particularly affecting stocks like the three we are about to discuss. These companies, closely tied to the evolving political narrative, have shown significant market reactions to Trump’s continued influence. Digital World Acquisition Corp. Trump’s success in the Iowa caucus could be a bullish signal for Digital World Acquisition Corp. (NA
Spirit Airlines stock is falling sharply again as the ultra-low-cost carrier’s predicament gets increasingly more turbulent.
In the most recent trading session, Exxon Mobil (XOM) closed at $96.98, indicating a -0.73% shift from the previous trading day.
Humana slashed its Q4 earnings outlook on higher medical costs and warned about weak Medicare Advantage enrollment.
Considering helping your daughter financially for her big wedding day? It’s a gesture that speaks volumes about your love and support. Weddings mark one of life’s most cherished milestones, and contributing to your daughter’s special day can make it even more memorable. However, as you plan to make this gesture, it’s also wise to be informed about the possible tax implications that could come with such a generous gift. Don’t Miss: The average American couple has saved this much money for retirem
These supercharged S&P 500 components, which sport an average yield of 7.2%, can fatten investors’ wallets in the new year.
Plug Power will sell up to $1 billion in shares via an at-the-market offering. PLUG stock, which have been plunging for years, dived late.
IBM is expected to report a top-line expansion year over year in the fourth quarter of 2023, driven by solid demand for its AI-powered solution suites in various industries.
“Small caps relative to the S&P 500 on a price-to-book basis is back to where it was in 1999,” Fundstrat’s Tom Lee said on Tuesday.
If these Wall Street experts are correct, Tesla and The Trade Desk will see their share prices move much higher in 2024.
The hydrogen fuel cell company wants to sell more shares just to keep its business running.
As Musk vies for greater voting power at the company, the spotlight turns to Tesla’s board.
Humana (HUM) stock tumbled more than 12% on Thursday after the US health insurer reported an increase in older patients seeking care, which would hurt its fourth quarter results.
No matter what your preference in the stock market, the nature of the game is always going to revolve around returns. Without returns, there’s no point putting your money in the market. And few investment sectors can offer the high reward potential found in the healthcare segment, particularly biotech stocks. These research-oriented pharmaceutical firms, despite their high overhead and long lead times, always have that ‘holy grail’ waiting: a new drug or medical treatment to get approval – and w

source
Premium Domain Names:

A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.

Top-Level Domain Names for Sale on Crocodom.com:

If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.

Contact at crocodomcom@gmail.com:

If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at crocodomcom@gmail.com. Feel free to contact them for any questions related to the domain names or the purchasing process.

Availability on Sedo.com, Dan.com, and Afternic.com:

Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.

#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading

About us and this blog

We are a digital marketing company with a focus on helping our customers achieve great results across several key areas.

Request a free quote

We offer professional SEO services that help websites increase their organic search score drastically in order to compete for the highest rankings even when it comes to highly competitive keywords.

Subscribe to our newsletter!

There is no form with title: "SEOWP: MailChimp Subscribe Form – Vertical". Select a new form title if you rename it.

More from our blog

See all posts

Leave a Comment