RED ALERT! The Fed Just Asked for OUR Feedback on a Central Bank Digital Currency (CBDC). TELL THEM NOOO!!!!!!
(www.youtube.com)
👀 EYES ON! 👀
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Bitcoin is a store of a value and doesnt compete with the dollar. It will remain so even with a CBDC
I'm more confident of Bitcoin than I am the Fed that's for sure.
But even more so confident in Cardano, research that one.
Same can be said of Gold...when everyone starts to agree that something is valuable then it becomes regarded that way. BTC has been the best performing asset of the last 10 years. BTC will be a store of value for years to come
They've tried to regulate crypto but the keep getting pushback and delays. Governments move slowly. Crypto will crash with the next Wall Street Crash but will rise up faster because they will offer CHEAPER LOANS. Look at Cardano, that's the one to get into. Look into gold backed stable coins.
BTC is too slow to upgrade itself. Bitcoin doesn't have smart contracts which is what you need to make loans and beat the Fed at their own game.
Bitcoin doesn't need to have any of that. All it needs is to be considered a store of value. Value determined by the collective property holders. It becomes digital gold. Not used for that, but can be traded for cardano to be used in a smart contract. Or any other crypto that offers a utility. So those cryptos will garner their value by how useful their utility is.
I stopped using banks a year ago. All of my wealth is on the blockchain and I've done exceedingly well managing it myself. I went from constant money problems to financial freedom by simply removing the banking system from my life.
I think a crypto future is much better than the current fiat system or a CBDC future. It is the best hope humanity has and its adoption will lead to a new Enlightenment period for humanity.