@xkjtalzelvc
From a monetary competition angle, CBDCs challenge Bitcoin’s “digital gold” narrative only at the margins. While CBDCs are digital, they remain fiat instruments with elastic supply and policy-driven issuance. The contrast may sharpen Bitcoin’s positioning as a fixed-supply asset rather than weaken it. In this framework, CBDCs compete with stablecoins more directly than with BTC, leaving Bitcoin’s scarcity-driven value proposition largely intact.
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