Another reason for this might be because of the threat the forthcoming CBDC poses to the retail banking industry. This could be about survival. There's a war likely brewing between the fed and retail banks over crypto.
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That is a very good point. They could see the writing on the wall and want to strengthen cryptocurrency a bit.
CBDCs are a trainwreck waiting to happen.
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Yeah, CBDCs are a big, 1984 sized trainwreck. They seem like the worst thing that could happen to private banks. In banking's bid to compete with the Fed they might ironically become cryptos biggest allies.
It does not look promising for the commercial banks.
We are now in a massive fight. Time is not on our side since it appears governments are stepping up things.
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