BTC has always been the beta conditioning project to get people to adopt the idea of digital currency. The hype of value is fake for that reason too. There is no coincidence BTC was release THE SAME MONTH as Klaus introducing the Fourth Industrial Revolution Great Reset mantra at Davos 2009(g).
It will either be what you suggest -- BTC will just become CBDC -- but ayh have leaned more over the last years that they will release USDC aka CBDC and then immediately regulate the fuck out of crypto (mysterious why they haven't , right? wink) -- and the gov and Central Bank will offer a ratio exchange from crypt to USDC -- and this will inherently breed users and value.
USDC institution seems very likely because it adds another layer of control. They may even execute less strict regulations for USDC than other crypto to further encourage people to exchange.
What boggles my mind is that anyone can see crypto a anything other than another FIAT currency. It's value is not based on any physical or material worth; it's value is derived solely from participation and faith. And that means it's not immune or even resistant to inflation, but thanks to the time it takes to mine out every transaction, the inflation is going to appear to start at continental drift speed, but will rapidly accelerate as more time goes on and participation increases.
Here's a conspiracy: bitcoin = CBDC after the majority of the populace accepts it and gov't decides to nationalize it
BTC has always been the beta conditioning project to get people to adopt the idea of digital currency. The hype of value is fake for that reason too. There is no coincidence BTC was release THE SAME MONTH as Klaus introducing the Fourth Industrial Revolution Great Reset mantra at Davos 2009(g).
It will either be what you suggest -- BTC will just become CBDC -- but ayh have leaned more over the last years that they will release USDC aka CBDC and then immediately regulate the fuck out of crypto (mysterious why they haven't , right? wink) -- and the gov and Central Bank will offer a ratio exchange from crypt to USDC -- and this will inherently breed users and value.
USDC institution seems very likely because it adds another layer of control. They may even execute less strict regulations for USDC than other crypto to further encourage people to exchange.
What boggles my mind is that anyone can see crypto a anything other than another FIAT currency. It's value is not based on any physical or material worth; it's value is derived solely from participation and faith. And that means it's not immune or even resistant to inflation, but thanks to the time it takes to mine out every transaction, the inflation is going to appear to start at continental drift speed, but will rapidly accelerate as more time goes on and participation increases.