Post
Topic
Board Economics
Re: Do we truly need cbdc when bitcoin already exist?
by
bayu7adi
on 07/10/2023, 16:06:10 UTC
Do we really need cbdc now?
From the perspective of BTC enthusiasts, the existence of CBDCs may be seen as a nightmare. However, up to this point, it's the government that holds the reins of adequate infrastructure growth to cater to user needs. Therefore, CBDCs, in general, hold significance, even though the concern lies in the potential for arbitrary government actions.

If we rely solely on BTC for further development, it seems like it will take quite some time. Moreover, the next challenge is that many people are using BTC not for transactions but as an investment due to its uncontrollable volatility. I still hold respect for BTC as the trailblazer, but the government has a different stance by embracing CBDCs.