then from 2025 we will see the central banks being able to hoard and grab bitcoin as business reserve(though current drafts only allow 2-5% of there collateral/reserves to be bitcoin)
I have very strong view against this projection. Central banks are known for having a very lax tolerance for those to try to steal the power from them. So I don't expect them adopting bitcoin as it would be a self-inflict damage.
here is the thing
central banks are the mother cash provider to commercial banks and sister to the tax - treasury..
central banks are not the banks that customers have accounts with
they print the money. but dont give it to citizens direct
when commercial banks make mortgage agreements(in digital account balance) the COMMERCIAL BANK has to hold a % of paper money to keep ATM's filled to meet any expected cash daily withdrawals. meaning central banks only make profit to fill the treasury when commercial banks make debt
central banks make NO profits(to put into treasury) when people move their bank balance via visa/mastercard
the IRS get taxes when money moves between users(income/gains) and yes the IRS get taxes on gains of crypto. so crypto is not a threat its actually peoples reliance on visa/mastercard that has reduced central banks profits for treasury
which is why central banks want to bring the "fast payments"/"tap and pay" into the fold of central-commercial banks. rather than the likes of visa/mastercard who are making 2% tx fee where banks get nothing
central banks also. had international rules (IMF/BIS) where they could only hoard certain currency as reserves(leaning favour to the petro dollar) it was the central banks that begged BIS for a 5% ability to hoard decentralised cryptos like btc. and a random % of certain stable coin. where by the BIS compromised in the draft protocol for 2025 to be 2% (currently 0% still)
so its not the central banks hate of crypto. its their aversion to risk due to their BIS rules they follow
and again the central bank hoard of crypto is not about consumer level/retail service offering to customers of btc. its the central bank internal investment for the central bank profiting(adding more value to the national treasuries)
central banks are a business, but so is the IRs . and together they only make profit to feed the treasury when money moves/is swapped(wire transfers and debt creation). they dont make money on people saving it or microspending it on debit cards. so if people are trading currencies via wire transfering fiat to create another persons/businesses 'income' to increase. and creating debt. then central banks get profit
they dont see crypto "taking over" fiat/cbdc becasue of min wage, tax, fines, debt laws that keep fiat/cbdc in circulation
they see crypto as a open option currency to move in and out of. meaning wire transfer commercial bank payments to make and destroy account balance meaning destroying 'cash' for free to then make commercial banks buy fresh 'cash' and IRS tax on those incomes when swaps are done