Chill! Guys, CBDC is more important than Bitcoin. They are creating an impressive performance because Bitcoin price is more than they ever imagined. What we are watching is just another way to look Bitcoin is more important than CBDC before they take it down or add numerous tax.
How is it that CBDC is more important than Bitcoin? CBDC is equal to state control, surveillance, censorship, intrusion, and the like while Bitcoin is all about freedom, privacy, independence, ownership, and so on.
While much of Bitcoin's attention these days are indeed due to its price performance, the bottom line in all of this is Bitcoin's features. Although there certainly are investors that are oblivious to Bitcoin's fundamental principles, those who are risking big in it are certainly convinced of what Bitcoin truly offers. Or so I hope.
CBDC does not benefit the people but will bring more benefits to the government, so it will be more important to the government. The government doesn't like freedom, privacy, independence...what they want is to control the people as much as possible.
In my opinion, what's going on is just FOMO, nothing more, nothing less. Many new investors jump into the market because they see the price of bitcoin rising so fast and their goal is to make a profit. I don't see anyone interested in its use cases like old investors.
Since bitcoin crossed $100k, interest in bitcoin in my area has increased, but they are only interested in how to make a profit and exit the market when the target is reached. I don't see many people saying they are interested in using bitcoin to hedge against inflation or reduce dependence on government.
