Right. Hard to accept any other reality when your continued relevance is dependent on the status quo.
Discussion
He has massive blindfolds on.
He doesn't like Bitcoin because it is trustless. In his view, money can only work if it is backed by trusted institutions. Meanwhile, CBDCs are institutionally managed, therefore safer.
He sees Bitcoin as exclusive, because only Bitcoin holders gain purchasing power. CBDCs are implemented 1 to 1, dollar to dollar, therefore inclusive.
The dissonance, when reading his book, is mind-blowing.
He’s a central banker so not surprising he would have that mind set.