A new report from the International Regulations Bank (BRI) highlights a disturbing reality. Cross -border flows in crypto reach $ 600 billion, but with a strong domination of speculation. Behind the apparent boom in cryptocurrencies, world finance regains its old demons.
In short
- The majority of global crypto flows are motivated by speculation, according to a BRI report.
- Bitcoin and Stablecoins also serve as an alternative solution to expensive transfers in emerging countries.
Crypto: Speculation dominates cross -border payments according to the BRI
According to the BRI, Nearly $ 600 billion are transferred via Bitcoin, Ethereum, USDT and USDC in the second quarter of 2024. Admittedly, this figure can give the illusion of a massive adoption of crypto-active. However, reality is quite different.
The institution stresses that the majority of these flows are motivated by speculative investments. In other words, they are strongly sensitive to global financing conditions.
Our results highlight speculative motivations and global financing conditions Like main engines of native crypto active flows.
L'study also establishes a clear correlation between restrictive monetary policies and the drop in volumes. Indeed, it signals an increasing interconnection between cryptocurrency and traditional finance.
THE crypto market is therefore no longer isolated. His behavior is increasingly aligning with that of classic risky asset classes. Volatility is no longer just endogenous to the sector; It is now also dictated by macroeconomic factors.
Crypto: between payment solution and escape from inflation
Despite this strong speculative trend, the report highlights concrete uses of cryptocurrencies. It mainly refers to international money transfers. Stablecoins and low -amount Bitcoin are used in the emerging markets as an alternative to expensive or inconvenient banking systems.
High transfer costs and rampant inflation in certain regions promote the use of Crypto as a means of payment. The study stresses that some countries concentrate a significant part of the flows. We cite in particular:
- Turkey;
- Russia;
- the United States;
- The United Kingdom.
In this context, the crypto becomes both A refuge financial tool And a gateway to the global markets, especially for populations excluded from traditional systems.
The crypto therefore oscillates between globalized speculative tool and alternative solution for money transfers. The BRI report invites us to rethink the real uses of these digital assets in the face of increasingly pressing economic and social issues.
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