Birdwatch Note Rating
2024-02-22 11:31:30 UTC - HELPFUL
Rated by Participant: 6750104B3C418882E8FF992A195DEB7854B6CCA53B6AD009B3312BDB100254D7
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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