The post IMF Includes Bitcoin in Global Standards – Dennis Porter Clears Up ‘Digital Gold’ Confusion appeared first on Coinpedia Fintech News Recently, the IMF (International Monetary Fund) has updated its balance of payments standards to account for the increasing importance of digital assets. For the first time, cryptocurrencies like Bitcoin (BTC) are officially recognized in global economic reports. However, this sparked a wave of discussion in the crypto community where many claimed that the IMF had referred to Bitcoin as “digital gold.”This quickly caught the attention of many in the space, fueling debates and speculation across social media. However, Dennis Porter, a well-known voice in the space, quickly questioned this interpretation, asking, “Can anyone point to exactly where the IMF says Bitcoin is ‘digital gold’?” Dennis Clarifies The Confusion After diving into the IMF’s statement , Dennis clarified the source of the confusion. The IMF actually referred to Bitcoin as a “new digital asset designed to be used as a means of payment or act as a store of value.” Ok I’ve tracked down why people are claiming the IMF said Bitcoin is digital gold. “new digital assets designed to be used as a means of payment or act as a store of value.” This is a massive stretch to jump to: “IMF says bitcoin is digital gold”. The key phrase is… https://t.co/2bWMbIdRgK pic.twitter.com/wEm7ht62CZ — Dennis Porter (@Dennis_Porter_) March 23, 2025 He remarked that the phrase “designed to be” is crucial here and it doesn’t necessarily mean that the IMF is officially endorsing Bitcoin as “digital gold” or guaranteeing its stability or value like gold. It’s more about recognizing Bitcoin’s potential, not confirming it as a proven asset. The “store of value” idea for Bitcoin is debated due to its volatility. Unlike gold, which has a long history of stability, Bitcoin’s price can fluctuate significantly. IMF Provides Guidelines on Tracking Digital Assets The IMF’s latest update to the Balance of Payments Manual (BPM7) now includes cryptocurrencies like Bitcoin (BTC) in its global economic framework. This is the first time the IMF has provided clear guidelines on how digital assets should be tracked in global financial stats, marking a big step for crypto in the financial world. Cryptos like Bitcoin are classified as non-productive capital assets, while stablecoins are treated as financial instruments. The update also changes how cross-border crypto transactions, staking, and mining are tracked, with mining and staking now recorded as services in a country’s computer services exports/imports. This update is a big step in officially recognizing digital assets as part of the global economy, helping to track and regulate them better in the future.
