Birdwatch Note Rating
2024-02-25 01:21:09 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 24ADFBEB761F3687B47EAD40274697BA5E9EA57BB7106B0CEFB7D1F024F76D0C
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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