Birdwatch Note Rating
2024-02-22 21:48:29 UTC - NOT_HELPFUL
Rated by Participant: 77E415B7E84E1F1267A68272299DBBB16F3902D60A59640EE03299BC4983774A
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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