The operation and circulation of CBDC and the upgrading of financial system infrastructure will benefit all digital currencies and will reduce the difficulty for ordinary people to access digital currencies. Because ordinary people who understand digital currency in CBDC may like Bitcoin and strengthen their support for Bitcoin.
The central bank’s interest in developing and issuing CBDC may highlight the role of bitcoin in the global digital economy. Bitcoin allows users not to rely on the monetary policy of the central bank, nor to trust a third party to hold and transfer funds. Users need to trust Bitcoin's code and incentive mechanism to allow everyone to use it safely, credibly and openly. As the public's trust in the government weakens, bitcoin will be more accepted and promote the development of Bitcoin.