Is Bitcoin here to stay in Brazil or??..

[jostorres]

People are already warned about CBDC I guess they all believe it's used for surveillance which people don't trust governments. Even if they allow CBDC to be used in buying BTC, the people will be more cautious because they get records of who owns BTC.

Brazil embracing BTC will make the country open for all because the impression is that people are free. BTC is here to stay, it doesn't choose whoever and whatever the owner may do to his BTC.

I think there is no need to warn the people here about CBDCs because by its definition, we know that they are not far from fiats. The people outside crypto are the ones that should be warned about it because they might prioritize it more than the cryptos. They believe it's much safer as it's supported by the governments.

It's a good thing that Brazil will allow BTC and this can surely have a positive impact in the price of the coin however people in those country should only buy BTC using other mediums and not through CBDC because like you said, they might be tracked so this kills the purpose of BTC if their primary goal is to become anonymous.

[Leviathan.007]

I think countries that have CBDCs will only see them well used if they incorporate them into international payment methods (and considering banks charge so much for converting between currencies, bitcoin and a few alts might be a good alternative for incorporating - particularly to allow large companies to hold other assets and transfer them eg internationally).

CBDCs won't do well on their own against systems like contactless payments and they might just end up being sold to banks too (or - hopefully - payment processors who do charge less fees if they have to be sold off to someone).

Bitcoin could already be used as a payment method in most places so the new law being passed in Brazil might be a gentle shove from a government member to put it in the news and get citizens to invest - especially at a time of a bear market.

Bear markets are normally the times things can be built and tested without the strains of dealing with bull markets (such as higher fees and a greater chance they'll be attacked).

The thing is recently I see many topics about Brazil and the situation of bitcoin and other cryptocurrencies there, and even some people believe Brazil can be next El Salvador if the governments accept bitcoin and legal currency there which is not surprising to happen at any time, but in the other hand in my own idea, their government in Brazil is just doing to start working on these assets and make people expose their funds to milk tax from them which have more benefits for the government.

[goaldigger]

People are already warned about CBDC I guess they all believe it's used for surveillance which people don't trust governments. Even if they allow CBDC to be used in buying BTC, the people will be more cautious because they get records of who owns BTC.

Brazil embracing BTC will make the country open for all because the impression is that people are free. BTC is here to stay, it doesn't choose whoever and whatever the owner may do to his BTC.

This is also my thinking on their purpose on creating their own digital currency just like the others, probably they are monitoring everyone with their crypto transactions so they can still collect taxes no matter what. Having their own digital currency should not limit their people by owning crypto, you can just have this and compete along with cryptocurrency. Brazil will be a huge market if ever Bitcoin becomes legal, that can trigger the bull run so I’m confident that they will not ban it and let their people use crypto.