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.
This is not the first time the IMF is against the country trying to accept bitcoin. Infact if we remember, when El Salvador declared Bitcoin as a legal tender they were against them too and they urge them to remove this status. However El Salvador didn't surrender against them and they aren't happy with them.
El Salvador agrees with IMF to ‘confine’ Bitcoin use.
Pakistan should also take the firm stance on their bitcoin mining policy and do not revert their decision on IMF pressure. These international monetary organizations will never want nations to have financial freedom.