I believe the latest feedback on CBDC use in the African regions and China were not very good.
I can't comment on Africa but the news from China doesn't really look bad. It shows a solid growth in both adoption (number of users) and the number of transactions processed. The value processed was reported to surpass
100 billion yuan ($13.94 billion) recently, they claim that it is out of initial stage and is being
used more.
The people do not trust it.
I never understoond this statement about CBDCs! People use fiat that is printed by the government and the banking system that is centralized and corrupt. They trust both of them. CBDC is not really a different thing, it is centralized and both issued and controlled by the government and the banksters just like fiat is.
If people were to stop trusting the system, they would dump fiat first and move to bitcoin not continue using fiat and not trust CBDC!
OK, so they will trust it. GOOD! In such a world, a scarce, censorship-resistant cryptocurrency will definitely be VERY valuable. Plus in China, here Bitcoin is banned,is where it's most valuable to go around capital controls amd move wealth out of their country seamlessly, without dependence on off-shore banking accounts. We can actually memorize our seeds, HODL as much Bitcoin into the wallet, and move across borders containing our wealth in our heads.