Birdwatch Note Rating
2024-02-22 23:59:36 UTC - HELPFUL
Rated by Participant: B681B2792B7F85EFCA46C4FC08433E6D87FB921B57CA044BA51623361092842C
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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