Won’t the proliferation of digital fiat currencies created by central banks (US, England, China, Sweden) make bitcoin’s success inevitable?

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I’m honestly not understanding the value of these fiat currencies going digital because they are going to be subject to the same debasing conditions as the physical currencies.

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Also, it adds more government oversight to our transactions and spending. Bad for us, good for them.

A positive is underbanked communities will soon have instant access to banking services like remittances and digital payments through Central Bank digital wallets

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I agree. Literally everything is digital anyways, I receive direct deposit salary, I pay with my credit card everywhere, and transfer from my account to pay the balance. The last time I used cash was when my grandma gave me $20.

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I think it will and some central banks will realize that which will lead to buying up BTC themselves. However, some countries like China will continue to push the usage of CBDC and minimize the impact of BTC in terms of investments as well as payments. It’ll be different across countries and regions though most will continue to adopt BTC because of the control free and no oversight aspect.

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Absolutely! Wait until an ETF gets approved. There will be more liquidity, more demand, less volatility and a more mature market.

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