Global wealth and the IMF

Bitcoin ended July at $115,644 – its highest monthly close in its 16-year history – as new IMF-backed standards put crypto into the world’s financial ledgers. That’s despite one of the biggest notional Bitcoin sales – the transfer of 80,000 BTC, or over $9 billion based on then market prices, for a Satoshi-era investor— a move the market absorbed with striking efficiency.That confidence now has statistical legitimacy. For the first time, Bitcoin and other crypto assets will be included in national wealth data, thanks to updates to the System of National Accounts (SNA) – the global framework used to track national economic performance. Coordinated by the IMF, the changes will classify eligible crypto holdings as “non-produced nonfinancial assets.”While crypto won’t count toward GDP, the update means Bitcoin will now appear on sovereign balance sheets, placing it alongside more traditional forms of national wealth. Translation: even if they won’t say it, the IMF just admitted that crypto counts