I truly believe that these coins are a tool of the global elite to control us.
I think this was not new anymore because before they came out, we already have so many centralized currencies and payment methods. They are controlling people since then but good thing that satoshi came to the rescue and started out the first crypto which was bitcoin. The growth of bitcoin and crypto proves that many people don't want to be controlled anymore. Finally they are free after so many years of being a slave.
A lot of people see this as bullish for the Crypto currency market for obvious reasons, nevertheless I still believe the adoption of these CBDC's will be forced onto us. Just like the restrictions of the so called pandemic were forced onto us. This makes we wonder how these two polar opposites will co-exist, and what long-term effects it will have on the market.
I would like to know your thoughts on this.
How come they think it's bullish? It's supposed to be bearish because those currencies can be a crypto killer since they are offering the opposite thing as what cryptos are trying to offer but not all are forced to use this. This isn't the same as covid, don't compare them please. Cbdc's arent new in the market but it seems they don't have a big threat to cryptos. Don't worry.