Bitcoin still strong despite all the pressure-IMF warns for cryptocurrencies

Hello friends, today I will share with you some information about the IMF's warning about cryptocurrencies and Bitcoin mining, which has been moved from China to America. I hope you like it..

It would not be wrong to say that Bitcoin and other cryptocurrencies, which survived the pressure of China, opened the way, friends. Although Bitcoin currently exhibits a price far from the historical record level, it recovered faster and earlier than many experts' opinions.

Of course, the pressure on Bitcoin continues. For example, even the IMF warns countries and citizens about cryptocurrencies.

Another warning was voiced by David Roche of Independent Strategy and he shared about the still unreliable risks of cryptocurrencies. Yes Maybe Bitcoin took a hard hit last week and still hasn't recovered in a week, but it is still standing and resisting.

In particular, I think that the Chinese government's removal of bitcoin miners from the country and the relocation of the mining center to America had a positive effect on the recovery of cryptocurrencies.

In a statement on the International Monetary Fund (IMF) blog, he points out that legislators are insufficient in monitoring cryptocurrencies and their possible risks.

In the article in question, it was stated that the reactions to the Omicron variant caused rapid capital flows in the market, and this could have a destabilizing effect on the country's markets in the absence of regulatory measures.

Thank you @leofinance community and my friends for your support and likes for my articles. Hope to meet you in another crypto news stay with love.