148. The Fiat Standard course final lecture: Can bitcoin & fiat coexist
The Bitcoin Standard Podcast
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Central Bank Digital Currency Could Change Everything for Bitcoin and Fiat Money
There's no guarantee that this volatility is going to die. And therefore, I would imagine that in the future, it's not going to be as easy to borrow Bitcoin as it was over the last year. So that's one way in which the scenario could be derailed speculative attacks. But there's reasons why we might not see that. The final way in which I think the serious threat to this kind of rosy transition scenario is the emergence of central banking, digital currencies. CBDCs are optimized for surveillance, political patronage, and economic central planning. They increase the efficiency of inflation, taxation, and surveillance. That is destructive for the market economy. It's good for central banks.
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