I learned a little about CBDC and e-CNY, and I do feel that our government has deep strategic considerations.
I heard that e-CNY is very advanced in the world, and there is not much experience to refer to. So many innovations have been made.
You might argue that the funds are fully traceable.
Yes, there are two giants in the payment industry in China, one is Alipay and the other is WeChat Pay. They are all already widely used in China.
In this sense, tech giants have taken control of private electronic payments. It's like Google penetrated American society.
So China's transition from third-party electronic payments to Central Bank Digital Currency is natural, not from paper money.
But I heard that people in many other countries find it unacceptable, I don't know what will happen in ten years.
It is clear that the Chinese government has chosen to develop e-CNY. So we may not be left behind.
I sincerely hope that Bitcoin will develop better.