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RE: What will you do if bitcoin hits $250,000?

in LeoFinance3 years ago

I think in the end they’ll have officially recognized wallets and want people to use those wallets. It won’t matter if they use the btc or the local currency. The wallets will make it easy for them to watch, and they’ll start monitoring anything off the wallet much more carefully and aggressively.

El Salvador is moving incredibly fast compared to g8 countries. It takes them 5-10 years to make decisions or develop anything so I think a US CBDC is very far away from adoption, maybe we’ll see an beta version in two years but bitcoin will be tearing it up that whole time. The country is run by dinosaurs. The banks have the power but they have to work with the sluggish and ignorant middlemen in government.