Birdwatch Note Rating
2024-02-22 17:03:04 UTC - NOT_HELPFUL
Rated by Participant: 64E23C6D815D5A65681F637C9930925B543922538FFAD7E56F9DE3402B585DF7
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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