With other countries seriously considering this direction, the EU has finally start its Digital Euro (CBDC) project. It will take them 2 years to explore the potential of such a currency, and if they decide to actually apply it, they say it would take them at least 5 years to officially launch it. As an EU resident, I am not particularly excited about this, because I know that it will take them much more than 5 years to do anything, and all that time will come in handy for Bitcoin to become more mainstream in EU.
Whilst that is very much possible, the question, or rather concern is what damaging measures the different governments (countries) that make up the European Union will take within this next five years and definitely more as they work on their CBDC's. There will prolly be tighter regulations as well as policies initiated to discredit Bitcoin as not being safe, reliable...or whatever compared to their CBDC's, obviously before CBDC's come on board, Bitcoin would have gone a very long way, my only concern is actually how many users will be convinced and cajoled into believing some of the lies the government will cook up to try and see if CBDC's will be more used than Bitcoin.
I think they are actually worried about bitcoin. It is bitcoin which has all the features they fear, and which has the widest use, widest adoption,
Isn't that were they are making a mistake, should CBDC's which are centralized be launched in 'reaction' to Bitcoin, I mean, we all know Bitcoin is decentralized, and not just that, there's freedom and control to use your funds just the way you think is right, but the digital dollar, Euro, Yuan, or any centralized digital (shit) coin is actually the opposite of that, should the government not actually be 'trying to stop' Bitcoin with more regulations (I know sooner or later they'll run out of it), rather than creating digital currencies that will work (and be printed) almost in the same way as their first currencies