Birdwatch Note Rating
2024-02-22 13:42:55 UTC - HELPFUL
Rated by Participant: 2BFD8B721633CA1FA27DCEEF6D56697C5D6C06AC75AAB988DBA88658D32E5B2E
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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