Birdwatch Note Rating
2024-02-22 15:38:35 UTC - NOT_HELPFUL
Rated by Participant: F54239BFB1B43018B5E318F5131A40E200214EF7497BE4DE12B1F8991988D015
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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