"The rise of CBDCs highlights the importance of decentralized cryptocurrencies that are relatively private and not controlled by any government....CBDCs are not only trackable, they may also be programmable. After a natural disaster, for example, a government could send citizens digital money that could be spent on food and medicine, but not alcohol. This means that governments will have a greater ability to decide who has access to digital money. In China's case, Fanusie said, "it's going to be easy for the central bank to turn off any wallets they want to turn off, because of political issues or crime fighting or whatever."

Hmmm very interesting. So is it a coincidence Bitcoin suddenly jumped 11% at the starts of the Olympics where China is actively rolling out the DCNY? Granted it's just an opinion based article, but there are other things at play that "just happen" to be playing out right around the exact same time.

We already covered what the Digital Yuan would mean for Bitcoin, but what will it mean for Bitcoin if anti-China nations roll out their own CBDC? It can't be good news then huh? I mean, if the only reason for their support in Bitcoin now is because their own country is lagging behind, it's only a matter of time before they switch from Bitcoin to shilling their own nation's CBDC and who knows, maybe even just like China try to ban Bitcoin altogether. Even though the latter may be a bit far out, it's still a good idea to keep an eye on their progress.

That was pretty much it for today, just had to share my a shock to see a positive Bitcoin article on ms-media. I mean, just think of the irony here for a second; Country that caused several Bitcoin crashes and launched it's own national Crypto to compete with Bitcoin, makes other countries embrace Bitcoin😄