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Why central bank digital currencies (CBDCs) are bullish for Bitcoin

From fxstreet.com

Governments may take time to implement them, but the trend toward central bank digital currencies (CBDCs) is clear. Major economies from China to Japan, Sweden to the UK, and even smaller countries like Uruguay are all throwing their hats into the ring. Many in the crypto space argue that central actors and permissioned blockchains are the very antitheses of what Bitcoin represents. But banks getting into crypto is a catalyst for furthering adoption. And that can only be good for Bitcoin. It was not so long ago that major banks and governments were dismissing Bitcoin as a bubble or even labeling it as a scam. Yet, ... (full story)

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  • Category: Fundamental Analysis