
waqarchevrette
@waqarchevrette
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The development of Central Bank Digital Currencies (CBDCs) globally poses a significant threat to the cryptocurrency market, particularly to Bitcoin. CBDCs, being state-sanctioned digital currencies, directly challenge Bitcoinโs core narrative of decentralization and freedom from government control. As CBDCs gain traction, they could erode the appeal of Bitcoin as a alternative to traditional finance. Moreover, widespread CBDC adoption will likely lead to increased regulatory scrutiny of the entire cryptocurrency space. Governments, having established their own digital currencies, will be more incentivized to regulate or even suppress decentralized alternatives like Bitcoin to ensure the dominance of their CBDCs. This could lead to stricter KYC/AML requirements, capital controls, or even outright bans in some jurisdictions, significantly impacting Bitcoinโs price and adoption. 0 reply
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