Quote from: kotajikikox on February 21, 2025, 11:42:31 AM

Quote from: SimplyMargotL on February 21, 2025, 05:51:17 AM

As more countries launch their own central bank digital currencies, will bitcoin face increased attacks? Could a mass push for CBDSc lead to restrictions on bitcoin or will btc remain a global alternative?

Honestly, if any government were to do this… I think it’ll be a mistake.

If bitcoin is proven to not be resistant to attacks or other threats, people will trust on cryptocurrency as a whole and not just bitcoin. Bitcoin is the foundation of cryptocurrency and what made everything (altcoins, stablecoins) possible. Without bitcoin, people won’t be interested in cryptocurrency.

So, the governments getting into cryptocurrency just to “destroy” its very core is unwise. Not that it matters because they can’t ruin bitcoin anyway.

The government can have whatever it takes to restrict Bitcoin but in the same vein, government can use this same drive to impact and regulate the adoption of Bitcoin.
The emergence of cryptocurrencies have the potential to improve innovation and economic growth therefore,the future of cryptocurrencies and Bitcoin depends on the role of the government policies.