IMF Chief: Crypto an Asset with Risks, But Not a Dollar Rival
• IMF chief Crypto is an asset, not money. Reminds crypto has risks, not the same as US dollar.
• SEC approved 11 spot bitcoin ETFs last week. Allows mainstream investors exposure to crypto.
• Crypto industry sees it as validation, though IMF head unfazed on crypto rivaling dollar.
• IMF head Dollar dominant due to US economy size, capital market depth.
• Warns investors to diversify, but loses no sleep over crypto replacing dollar as global currency.