Birdwatch Note Rating
2024-02-22 11:26:46 UTC - HELPFUL
Rated by Participant: 0F359B7E8A3F91DF556565D8F061C2EEE64E3D5EFD41D40E7AD3998E8E648C37
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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