International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated in an interview that crypto should be classified as an asset class rather than money. She dismissed concerns about bitcoin displacing the U.S. dollar, emphasizing the U.S. economy’s size and the depth of its capital markets as key factors in maintaining the dollar’s dominance. Georgieva explained that when discussing crypto, it’s essential to differentiate between money and assets. She views crypto as an asset class, describing it as “more like a money management fund.” Despite the recent approval of U.S. spot bitcoin exchange-traded funds (ETFs), she believes the U.S. dollar’s role as the dominant currency is secure for the foreseeable future. (Source: Bitcoin.com)
