A lot of people see this as bullish for the Crypto currency market for obvious reasons, nevertheless I still believe the adoption of these CBDC's will be forced onto us. Just like the restrictions of the so called pandemic were forced onto us. This makes we wonder how these two polar opposites will co-exist, and what long-term effects it will have on the market.
When you talk about people, it's generally not surprising that some people think that CBDC will have a positive effect on Bitcoin or altcoins, like they thought that FB coin would be the killer of Bitcoin, but they didn't realize how absurd that idea was. If we're going to be honest, then it doesn't even matter to most people whether they want to use a privatized-centralized stablecoin or a stablecoin backed by their government - although governments will undoubtedly have the advantage of imposing their product on practically everyone whether they want it or not.
I have no doubt that the majority will accept everything that is imposed on them, just as we accepted all the crazy measures during the pandemic because we were not given a choice. The minority who think for themselves and don't take things for granted will still try to look for alternative ways, and Bitcoin is one of those ways. Although there is no doubt that the mechanisms of world governments can harm Bitcoin, the fact is that its use will always remain a matter of choice, even if it were to be banned.