Birdwatch Note Rating
2024-03-04 10:46:43 UTC - HELPFUL
Rated by Participant: 2631E3545039BB7505C4735DD9CDD89FDEA3784227D76D22B17805184DA9DEA3
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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