Birdwatch Note Rating
2024-02-22 12:21:02 UTC - HELPFUL
Rated by Participant: 3378AEF268C42F1CF26AE2FD4A7EFCA195DE23865558B4D2F04A55181E249A9B
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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