China’s state-backed International Monetary Association (IMI) has released an analysis proclaiming Bitcoin’s evolving role in global reserve systems. The IMI argues that the cryptocurrency is transitioning from speculative tool to strategic asset, driven by increasing demand from central banks facing pressure to diversify their reserves. 💸 📈 They cite high US budget deficits and declining real yields on US Treasury bonds as a catalyst for this shift, with many countries turning to Bitcoin as an alternative to traditional assets like gold. 🏛️ 💰 🌍. The analysis notes growing interest from central banks and sovereign wealth funds, exemplified by Norway’s sovereign wealth fund’s indirect investment in Bitcoin. This suggests the cryptocurrency is gaining recognition as a long-term store of value. *