Fair enough, but the fact that it is virtual is not an issue in my opinion. Everything else in the world has been digitized, and the digitization of money is inevitable too. The issue is centralization vs decentralization.

Unlike the central bank system, Bitcoin is decentralized, with no single point of control or failure, and an absolutely limited supply. And it is virtually impossible to change these rules due to the hashpower behind the network (twice the yearly energy consumption of the US Navy and rising). This makes it the system best suited to compete with the CBDC.

Gold and silver are good for protecting existing wealth imo (as long as you make sure to lose them in a tragic boating accident), but they cannot provide an effective alternative to the CBDC as a unit of exchange, whereas Bitcoin can.

Fair enough, but the fact that it is virtual is not an issue in my opinion. Everything else in the world has been digitized, and the digitization of money is inevitable too. The issue is centralization vs decentralization.

Unlike the central bank system, Bitcoin is decentralized, with no single point of control or failure, and an absolutely limited supply. And it is virtually impossible to change these rules due to the hashpower behind the network (twice the yearly energy consumption of the US Navy and rising). This makes it the system best suited to compete with the CBDC.

Gold and silver are good for protecting existing wealth imo, but they cannot provide an effective alternative to the CBDC as a unit of exchange, whereas Bitcoin can.

Fair enough, but the fact that it is virtual is not an issue in my opinion. Everything else in the world has been digitized, and the digitization of money is inevitable too. The issue is centralization vs decentralization. Bitcoin is decentralized, with no single point of control or failure, and an absolutely limited supply. And it is virtually impossible to change these rules. This makes it the system best suited to compete with the CBDC.

Fair enough, but the fact that it is virtual is not an issue in my opinion. Digital money is inevitable, the issue is centralization vs decentralization. Bitcoin is decentralized, with no single point of control or failure, and an absolutely limited supply. And it is virtually impossible to change these rules. This makes it the system best suited to compete with the CBDC.