Hey,
I am right now a little bit researching about financial stability and monetary policy.
It seems that monetary policy through a central bank is pretty important for the global financial stability.
For example if there is a financial crisis, central banks try activly to stabilize the financial system.
If Bitcoin would replace fiat money and such a crisis would occur, wouldnt this lead to long term financial instability?
They are controlling it by what means? Deflating the fiat money or inflating it?
That could not happen with bitcoin. They will have to increase the value of every satoshi over and over just to equal the market and that will be chaos if will happen.
I dont think they would want to be a part of something that is decentralized.