Birdwatch Note Rating
2024-02-23 13:30:24 UTC - HELPFUL
Rated by Participant: DE691183124B4B1D93BA2F457704E1BB3B9612A7601F94E175F8EDF9BAC334F1
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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