Bitcoin reached new all time high against Argentinian Pesos, Turkish Lyra and Venezuelan Bolívar Fuerte. This is exactly what an hedge against inflation do, yet the IMF is discouraging Argentina from adopting Bitcoin with the $45 billion debt deal and a l

Even the last argument against Bitcoin has been confuted. Bitcoin IS an hedge against inflation.

Maybe, just maybe, with the US debt reaching new ATH in the next years, Blackrock is only getting prepared. Some commentators have said in this days "Why BR did that? They do not waste their time with pointless operations, never. What do they know that we don't?".

I wanna be naive this time and think that they don't know nothing we don't know.

And ETFs aside, IMF has shown, at the very least and always naivel speaking, an inadeguate comprehension of this asset.

"Banning Bitcoin -"crypto"- could not be effective in the long term" they say. The reality is, banning Bitcoin would be detrimental. It's like finding the most effective cure for cancer ever conceived but refusing to use it.