Birdwatch Note Rating
2024-02-22 12:03:29 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 5A5B946334DA35F475AE0DF148EF603B9F4A8DC259BD709440A648C33BDBEC98
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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