Birdwatch Note Rating
2024-02-22 12:33:57 UTC - NOT_HELPFUL
Rated by Participant: E8E98891201FD25FC84FD921BA0235A0F9FD05DAE150FF1848A96C19BDCD631E
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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