I think the government wants to build a place for a CBDC but that isn't anywhere close to being released. We all know that the governments want to maintain their control and I honestly am still in the watch and see. As it is right now, I think the market can easily go either way.
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Like you said, CBDC is nowhere near ready. I mean there's no way crypto or competiting for control and against the dollar is possible, but the witch hunt is absolutely crazy. I expect the market to recover slowly.
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