Birdwatch Note Rating
2024-02-22 13:52:08 UTC - NOT_HELPFUL
Rated by Participant: D1BE7CE894D336CB7AC829D20A158064621A4AE6AF880519C77072AE4C249327
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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