Birdwatch Note Rating
2024-02-23 15:06:02 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C41201F70F88A753D75AF76DF5289733C65985D160A19B38D439063D25A52C86
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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