At this point, it's almost certain that cash is on its way out globally. When it happens, crypto is well-positioned to naturally take its place. That's why I expect a major crackdown on crypto to follow shortly after CBDCs are implemented. I don't expect they will just allow crypto to thrive and grow uncontrollably, if they won't straight up ban it, they'll make it really hard to use (by restrictions, taxes and reporting requirements) to keep it contained.
I think so too. Boiling the frog etc. UK announced that their CBDC will likely come with a limit that one person can hold of £10k-£20k, to prevent people abandoning traditional banks all at once.
BTW, it's kind of funny how's there literally zero resistance from the all-powerful banking sector, knowing that CBDC will likely to cripple their operations. Really makes you ponder 🤔