Quote from: Tony116 on February 17, 2022, 05:21:37 AM

Quote from: Viscore on February 16, 2022, 12:29:45 PM

Central bank digital currency is basically the same exact thing as a traditional currency we use today. It is a digital version of fiat money which is controlled by the bank.. People nowadays do not buy bitcoin because it is digital.They buy it because it is volatile and more people used it as an investment. It is also used to purchase anything (goods and services). Some countries have already started using bitcoin as a medium of exchange. More people has became rich with bitcoin.And I think, thats the reason why people keep choosing bitcoin because it is more valuable than CBDC.

CBDC is essentially an upgrade of fiat, issued based on today's technological developments instead of using physical fiat. Yes, people will keep buying bitcoin because its price is higher than CBDC and Bitcoin price will continue to increase and demand for owning bitcoin will increase as CBDC will be inflationary and regulated like fiat.

I agree. But I won’t consider it as an upgrade of the fiat currency. CBDC is just the same as fiat currency, just the form has changed to digital ones. Bitcoin is made based on blockchains unlike CBDC.

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