Birdwatch Note Rating
2024-02-22 16:48:42 UTC - NOT_HELPFUL
Rated by Participant: E2D9460AD9945883D5408D0142D99D79CCE8AE1A134F4279159ECE17A523F6DD
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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