Speaking at the World Economic Forum’s annual meeting in Davos, International Monetary Fund (IMF) Managing Director Kristalina Georgieva urged the crypto community not to abandon their investments in the wake of the Terra collapse.
According to Bloomberg’s May 24 news, IMF Managing Director Kristalina Georgieva, Terra USD (TOP) to investors after its collapse,He said that they should not completely enter the cryptocurrency market.
It started to collapse about 2 weeks ago by losing its stability. Cryptocurrency market due to UST drops hundreds of billions of dollars. Georgieva made a statement on the subject at the annual meeting of the World Economic Forum in Davos:
Do not ignore the importance of the cryptocurrency market. It offers all of us lower costs and faster service. However, it is necessary to distinguish between apples and pears.
said.
Georgieva, risk levels varies, and too many asset types stated that.
In addition, Villeroy, Governor of the Bank of France, said, “My view is that due to the events of the last weeks, Investors have lost more confidence in crypto than central banks” included your statements.