I see CBDC very worrying what comes to "traditional" cryptocurrencies. Governments are going to regulate cyrptos to the death and take market share easily.

They don't have to say it, but governments can use for example "airdrop" to make their CBDCs the most held crypto in the country/world with a push of the button... just create "wallets" for everyone based on for example social security numbers, etc., and airdropping a few crypto dollars to every citizen.

In a such scenario, what are the ways for Bitcoin and alts to compete? ...and ultimately there are no rooms to compete because of regulations, you need to be a bank to be allowed to exchange etc cryptos. We're not yet there, but dreams of wide adpotion will eventually turn against the whole crypto community. Let's have fun as long as it's possible, and create cryptos that are REALLY decentralized and impossible to regulate. That's the only way to survive in the long run. Trust me.