The International Monetary Fund (IMF), along with a string of other financial institutions, really does not like Bitcoin. So, let's do the usual, thinking through what the IMF is and why it even matters.

WHAT IS THE IMF?

The IMF and the World Bank are like the parallel universe versions of Shaggy and Scooby-Doo. They have no idea what they are doing, and yet the decisions they make determine how the show ends. The only difference is that no one wants to watch this version of the show, because Shaggy and Scoob keep debasing your currency into oblivion.

Sticking with the IMF alone for this article, its mandate is as follows:

"The IMF promotes monetary cooperation and provides policy advice and capacity development support to preserve global macroeconomic and financial stability and help countries build and maintain strong economies." 

–IMF.org

For oversimplification, let's just imagine the IMF as dictating a short- and medium-term global monetary policy. It responds to what is in front of it at any given time and "influences" global markets. This, obviously, requires a large amount of control, or centralization, if you will.