Birdwatch Note Rating
2024-02-23 13:33:47 UTC - HELPFUL
Rated by Participant: AB3F4B96F73C8E1F2F9E20CF9D0914EB7307D7941EFBA15393CA3716FE1BBCB0
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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