I guess it comes down to the use cases of CBDCs, will governments make it as the primary option for engaging in transactions in a nation state? For example, paying taxes or bills. While cryptocurrencies continue to be an alternative.
Anyhow, I think non government related transactions are more than government related transactions so they still wouldn't be able to grab a large market share unless third parties chip in too.
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It is only a matter of how long until they throw in the towel in my opinion. This is a fight they cannot win.
To much development already took place and we are going to see a lot more infrastructure roll out by the end of the year.
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