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?
bitcoin has come to stay, government can not kill it. many countries may have their central bank digital currencies but bitcoin will remain the global coin with a great store of value. no matter the mass push for CBDSc, it can not lead to restriction on bitcoin so bitcoin still remain the global alternative.
If any government had the authority to kill Bitcoin, it should have done it already. However, they lack the capacity and knowledge to do so, and bitcoin cannot be destroyed because it has a large population, and anything popular cannot be easily murdered. Bitcoin has a long life ahead of it, and if it stops working, it means there are no networks to access it, which is impossible because networks cannot be turned off. I have never thought about anything that may come and stop bitcoin function because I feel that since no one has authority over it, he will stay permanent, and we will continue doing our investment and making profits on it without scared of losing money, because anytime the coin drop he usually increases us volatile and that make it a good investment. In my on opinion I think the government are just stressing there self about bitcoin because they can never kill it, bitcoin as be long now, but they have not get to kill it. Is when they have more population they can do it impossible.