Birdwatch Note Rating
2024-02-22 11:57:33 UTC - NOT_HELPFUL
Rated by Participant: E0CD44E8794F27745B86028C5BB57A7EB34D81CB3A6AE0BE0130E4708E27F5E6
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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