Any chance that frequent interaction with another nation’s CBDC could somehow infect America’s digital finance infrastructure?
Discussion
Good question, and I don't know how that will play out.
My guess is that we will see multi-polar economic blocks where citizens will transact in their local currency, save in Bitcoin and gold. Meanwhile nation states and multinational corporations will be the most disrupted with competing digital currencies.
How would a person be able to save in Bitcoin in a CBDC environment? You would be forced to earn in CBDC and they will most likely not allow any form of on-ramps from CBDC to Bitcoin. They can simply decline the transaction.
Great point, perhaps a significant black market will develop in the EU.