Since bitcoin adoption is growing, does anyone fear that the smart money entities may crash its price in order to benefit from it or to establish the use of CBDCs?? Does this thought make any sense to anyone??
#bitcoin #nostr #asknostr #cbdc
Discussion
They can't because they'd have to stop printing money
Instead they'll print money to acquire Bitcoin as much as they can until people stop accepting freely printed money
Why they would have to stop printing money? A CBDC may be programmed to have a circulating supply that can be altered (in order to emulate the printing of money)
As long as the supply of dollars increases and the supply of Bitcoin doesn't, demand will also increasingly shift to Bitcoin until there is no demand for dollars anymore
I think there will definitely be a crash, there will be another FTX type debacle, but it won't be intentional.