While CBDCs pose a competitive threat, there’s also a possibility for collaboration or the development of hybrid models that combine aspects of both CBDCs and decentralized cryptocurrencies like Bitcoin. For example, central banks could explore ways to integrate Bitcoin or other cryptocurrencies into their CBDC frameworks, creating a system that offers the benefits of both worlds. This could involve using Bitcoin as a reserve asset for a CBDC or creating interoperability layers between different digital currencies.