I would be curious to know how many remember india's withdrawal of 500 and 1,000 rupee bills back in 2016.
i do, i remember standing in long lines outside banks in winter to withdraw our own money and that too with a limit.
i remember waking up at as early as 4:00 am and running to secure my place in the queue outside bank before it gets too big.
and i do not trust the bank or the government but the thing is common people have no choice.
they make these rules and they shove them down the people's throat and we have no option but to swallow them and accept the consequences that come with them.
but with btc, the government is afraid as they should be, which is why to repel people from it they have introduced the 30% tax and now this but the people who know btc and understand that it is not controlled by banks or government will continue to use it, hodl it.
like before most if not all of the trading has transferred to p2p but it has become hard. maybe, this cbdc will help to trade btc more easily, u never know.