Will CBDCs Destroy Bitcoin?
𝐆𝐞𝐭 𝘁𝗵𝗲 "𝐔𝐥𝐭𝐢𝐦𝐚𝐭𝐞 𝐆𝐮𝐢𝐝𝐞 𝗧𝐨 𝐁𝐢𝐭𝐜𝐨𝐢𝐧" 𝐜𝐨𝐮𝐫𝐬𝐞:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
Get my best-selling Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/
Join the Trader University email list:
https://www.trader.university/email-list
In this video, I discuss whether CBDCs (central bank digital currencies) will destroy Bitcoin by programmatically preventing capital inflows from fiat to Bitcoin.
I conclude that this will not happen, because it's relatively simple to exchange your CBDC USD for physical goods, and then to trade those physical goods for Bitcoin. One can also sell goods and services directly for Bitcoin, thus leading to a self-contained Bitcoin circular economy.
Because Bitcoin is peer-to-peer and permission-less, no one can stop the widespread buying and selling of goods and services in Bitcoin. The government can stop 100 people, but it cannot stop 100 million people.
CBDCs need to be resisted at all costs. They are not a benign new tech. Instead, they are spy coins that can be used by politicians and central bankers to surveil people and cancel their money if desired.
Unlike Bitcoin, CBDCs will constantly lose purchasing power, since they are just another form of fiat money.
It might make sense to buy some Bitcoin before the digital prison of CBDCs is rolled out.
Having Bitcoin will also give you access to Bitcoin-friendly jurisdictions, which will attract smart people and capital.
Not investment advice! Consult a financial advisor.
China's Progress Towards a Central Bank Digital Currency:
https://www.csis.org/blogs/new-perspectives-asia/chinas-progress-towards-central-bank-digital-currency
Powell: Congress to Receive Guidance from Federal Reserve on CBDC:
https://decrypt.co/103772/powell-congress-to-receive-guidance-from-federal-reserve-on-cbdc
Argentina and capital flight into the USD:
https://www.bloomberg.com/news/articles/2021-11-25/argentina-limits-banks-daily-holdings-of-cash-in-dollars#xj4y7vzkg
Executive Order 6102:
https://en.wikipedia.org/wiki/Executive_Order_6102
Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#cbdc
#fed
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
-
2:37
Matthew Kratter's Bitcoin University
10 months agoHow To Use Gold To Protect Yourself
1K5 -
58:10
The Tom Renz Show
12 hours agoSurvivor Stories From North Carolina: FEMA, StarLink and the American Spirit
7.48K5 -
13:03
NC Dirt Hunter
1 day agoPersonal artifacts dropped during the Civil War. Metal Detecting a battlefield
3.81K -
14:27
Hack
23 hours agoMake a Powerful HHO Generator: Using 100 + Razor Blades for Electrolysis 2500 °C - DIY Hydrogen
4.93K3 -
7:19
Dr David Jockers
20 hours ago $0.01 earned1 Teaspoon Per Day Burns Belly Fat Quickly
4.21K -
22:37
ROSE UNPLUGGED
19 hours agoIsrael 1 Year Later: Halfway Through a 2 Year War?
5.49K10 -
2:21:31
Fresh and Fit
13 hours agoBrandon Carter Returns!
66.7K28 -
2:35:09
CAMELOT331
10 hours agoWatching HURRICANE Milton & Asking For Businesses To Step Up LIVE
103K32 -
24:02
Stephen Gardner
10 hours ago🔴Kamala CRASHES AND BURNS On 60 Minutes interview + Hurricane Milton Warning!
65.1K345 -
4:57:57
Right Side Broadcasting Network
1 day agoLIVE: President Trump Participates in an October 7th Remembrance Event - 10/7/24
238K107