Does the IMF Legitimize Bitcoin? Analyzing the Recent Recognition

I see the recent mention of Bitcoin in the IMF report on July 30 as a significant acknowledgment of Bitcoin's economic role, interpreted by the Sustainable Bitcoin Protocol (SBP) as a mark of widespread recognition. I believe this highlights a shift in perception, where international financial institutions are starting to acknowledge Bitcoin's influence and utility. However, Daniel Batten's critique of the IMF's comparison of Bitcoin's electricity consumption to that of Argentina, emphasizing that much of it comes from wasted sources, adds a layer of nuance. It suggests that while the IMF's mention could be seen as positive recognition, there are still critical debates about Bitcoin's environmental impact and sustainability.