Micheal Saylor thoughts on the launch of the central bank digital currency (CBDC) is that the launch would be of a benefit to the king crypto bitcoin has it’s going to drive in more investors into the space. In an interview which he spoke about the disadvantages of the digital dollar in the sense that it’s going to be centralized and there would be the control policies having people not able to spend their money freely. The Interest in CBDCs is just going to drive more feverish interest in Bitcoin he says. It’s actually driving awareness, and Bitcoin is growing as people become more aware that they need something that is a non-sovereign store of value [that’s] nation state-resistant…
I’m sure the overwhelming majority of the population is adamantly against CBDCs and I would say a decent majority of politicians are against it. But there is a fringe wing that wants to impose control over everybody and they don’t trust anybody. Heck, at some point they would probably like to see how you spend $50. And that’s the control freaks in the political sphere.
In addition he says these idea might not pull through has he foresees some back and forth with the approval of this bill when it’s passed by the congress. He buttress on the fact that there will be a control the spending culture of money.
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