Why is IMF thinking nothing good can come out of bitcoin? They only believe in their monetary system. Pakistan is planning to allocate 2000 megawatts of electricity for bitcoin mining but I saw IMF move against it now.
https://cointelegraph.com/news/imf-concern-pakistan-bitcoin-mining-power-planAlthough I think 2000 megawatts may be too much but why is IMF like to be a bitcoin critic? I think if it something related to their fiat, they may not say anything.
What is your opinion about this?
Before you post, know that 2000 megawatts can power some small nations.
They think nothing good can come out of bitcoin because it threatens the dependence of nations on them for financial support.
They did the same thing to EL Salvador until they caved in and now borrowed some money from them.
I know that Pakistan will bow to their pressure because if they don't, the IMF will make sure to use some proxy means to do so.
As for Pakistan, I hope they have thought it through, I mean the real impact it will have on the people living in the country. I also hope that they have been able to address the concerns that the IMF raised. The people of the country must come first.