CBDCs allow governments to remain competitive and for a bit longer monetary sovereign in a digital age. They can continue to control inflation in their own country.
It does not solve the debasement problem though. Only a unified currency like Bitcoin can offer that.
Globalization will push for a unified currency one day. The internet has no borders and trade neither. Currency conversion and debasement is suboptimal and a constraint that will eventually get removed.
As for the Fed and US, I believe they will continue to nurture fintech and start to open up to crypto companies with an end goal of keeping their currency as the global reserve as long as possible. They see the value of the private sector. There will be a transformation of the banking system and they want in.
It does not solve the debasement problem though. Only a unified currency like Bitcoin can offer that.
Globalization will push for a unified currency one day. The internet has no borders and trade neither. Currency conversion and debasement is suboptimal and a constraint that will eventually get removed.
As for the Fed and US, I believe they will continue to nurture fintech and start to open up to crypto companies with an end goal of keeping their currency as the global reserve as long as possible. They see the value of the private sector. There will be a transformation of the banking system and they want in.