As we know the CBDC (Central Bank Digital Currency) is in development and being fast-tracked for use in the US. This of course is a part of the Fed agenda to be the lender of last resort and financier/controller of everything in existance.
This crypto market is proving to be a transfer of wealth as I've stated many times in the past. So what happens to crypto when the CBDC is launched?
Legal tender laws ensure the Federal Reserve Note is the only instrument of legal tender. They have a monopoly. So at what point do cryptocurrencies become competition to the CBDC? We know in the recent past the SEC and FED have said cryptocurrencies are not currencies. But we also know they use statements to manipulate the public and what they say has no bearing on their ultimate intention. I believe a soft ban may come about to dissuade people from using cryptocurrencies. But not a hard ban as a hard ban would disrupt the powers that be's dark money use of cryptocurrency. The soft ban will allow the wealth transfer to continue while cryptocurrency use winds down.
What are your thoughts?
