Channel: aantonop

Category: Science & Technology

Tags: cryptocurrencyethereumblockchainlightning networkcryptocurrency explainedbitcoincrypto

Description: This is part two (a bonus episode) of last weeks discussion of "cryptoization" and why the IMF is utterly terrified of it going mainstream. This is episode #486.5 Watch Part 1 here:youtu.be/fJ4AbIAxzEw Join hosts Adam B. Levine, Jonathan Mohan and Andreas M. Antonopoulos as they dissect the October global financial stability report from the International Monetary Fund (IMF) subtitled “COVID-19, Crypto and Climate: Navigating Challenging Transitions.” An entire chapter of the report is dedicated to destabilization factors crypto poses, at least as identified by the IMF. It even coined a new term, “cryptoization,” to refer to the introduction and/or substitution of crypto in emerging markets. Although worries of supply shocks, supply chain inflation and stagflation fill headlines, the IMF placed crypto in the top three stability concerns. Is the organization gearing up to poise crypto as the scapegoat in case of an oncoming financial crisis?