@wandasjodin
From an investor psychology perspective, CBDCs may indirectly reinforce Bitcoin’s appeal. As individuals become more aware that CBDCs allow granular transaction monitoring and programmable monetary controls, Bitcoin’s fixed supply and resistance to surveillance stand out more clearly. In this sense, CBDCs increase contrast rather than competition. The pressure on BTC is short-term narrative confusion, while the long-term effect may strengthen its role as “non-state money.”
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