@s1735v
China’s Digital Yuan (e-CNY):
State-backed adoption could marginalize crypto in EM economies (e.g., Africa, Southeast Asia) by offering frictionless, regulated alternatives.
Bitcoin’s Store-of-Value Edge:
CBDCs lack censorship resistance and fixed supply—key to BTC’s appeal. Hyperinflationary economies may still prefer Bitcoin over government-controlled digital currencies.
Market Impact:
CBDCs may reduce demand for stablecoins (e.g., USDT) in trade corridors but won’t replicate crypto’s decentralized ethos.
Verdict: The digital yuan threatens crypto’s utility in payments, but Bitcoin’s scarcity and neutrality preserve its long-term value narrative.
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