Birdwatch Note Rating
2024-02-22 13:23:44 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 06724C365A89AC491763B1B86F05383B2B527D29BC9A66BC136300032AC32B21
Participant Details
Original Note:
Bitcoin acts as a decentralised store of value in countries with high inflation. Central banks dislike Bitcoin, because it forces them to strengthen monetary policy credibility, as Bitcoin gives citizens more options for savings. https://www.imf.org/en/Publications/fintech-notes/Issues/2023/12/05/Macro-Financial-Implications-of-Foreign-Crypto-Assets-for-Small-Developing-Economies-541440
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