Create: Update:
The state-affiliated think tank at Renmin University of China β the International Monetary Institute (IMI) β has published a study that led to Bitcoin being considered a potential reserve asset for developing countries.
β Amid a weakening dollar, rising inflation, and declining yields of traditional assets, countries are looking for new tools to safeguard their reserves.β Gold is no longer the only safe asset β BTC is increasingly viewed as a digital alternative.β The report states: βBitcoin is no longer just a speculative tool; it is becoming a strategic asset.ββ Despite the ban on crypto trading in the country, Chinese authorities are openly discussing Bitcoin as a shield against the dollarβs influence on the global economy.