Birdwatch Note Rating
2024-02-22 11:22:32 UTC - HELPFUL
Rated by Participant: 0DB8E7EB8B757E88CA6DADB79577F8E079633F19059036037C321A715FCCA02B
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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