Birdwatch Note Rating
2024-02-23 00:35:15 UTC - HELPFUL
Rated by Participant: F8F52BAB16FD83FDCF8835B0F16077B48FDB6EA9C35ACBB29701FE10812089DA
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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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