Birdwatch Note Rating
2024-02-23 05:15:59 UTC - HELPFUL
Rated by Participant: A0CE6FEEFB25EE6877C758554748143AB6FC14A30DECC1A4A7EF23C29463E29C
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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