THE ONLY POTENTIAL BENEFIT OF CENTRAL BANK DIGITAL CURRENCIES: BITCOIN ADOPTION

[Btceth01]

Central Bank Digital Currencies are a dystopian implementation of money and will only benefit society by encouraging people to adopt bitcoin.This is an opinion editorial by Pierre Gildenhuys, the co-founder of a Hong Kong based social environment tech startup.
Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced rapidly and it is expected that some nations such as Australia, South Korea and the U.S. will start implementing CBDCs in the near future, following the lead of China, who recently began launching theirs in early 2022.This is not recent news, but it is something which should be periodically mentioned, as it should scare all of us or at least be of some concern to anyone that utilizes any form of money in their daily lives. There is only one potential benefit to CBDCs: Essentially, governments causing the collapse of their own currencies by removing as many properties of money as they can before people realize that it is no longer salable to anyone else in their nation or around the world. source