Adam Back, CEO of Blockstream and HashCash, has said: "Nothing is above Bitcoin, no Central Bank Digital Currency, no stable coins."
He continued that: "I think that blockchains are more about permissionless, uncensorable usage and free market money. I think while it is possible and useful for some use cases, like crypto trading, to have stable coins, they inherently fall short of Bitcoin as they have custody risk, and if there is a central bank underwriting also traditional establishment interests reflected in the operation which may look unattractive to users."
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https://cointelegraph.com/news/exclusive-nothing-is-above-bitcoin-no-cbdc-no-stablecoins-says-blockstream-ceo-adam-backI don't think i will agree with him on what he is saying. As it stands now, Bitcoin is actually struggling to gain mass adoptation in the mainstream financial transactions. In as much that Bitcoin makes it possible for everybody to gain financial freedom and also provide decentralization, you can not just conclude that nothing is above Bitcoin. Bitcoin has a long way to go before we can finally say and classify bitcoin as something that do not have anything above it. His reasons are not enough to conclude that nothing is above Bitcoin.