Birdwatch Note Rating
2024-02-22 18:34:35 UTC - HELPFUL
Rated by Participant: 9F2CECF9440D28D919927034D275642FC1A20B2A7B58EA2E552C39E78A1F1A41
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
All Note Details