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Rise Fall Central Bank Digital Currency

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Bitcoin’s recognition has unleashed a race for digital cash dominance, which is prone to intensify with the emergence of Central Financial institution Digital Currencies (CBDCs). In a 2021 survey of central banks, 86% of respondents indicated they’re actively researching the potential for CBDCs. The query that emerges is how will CBDCs reside alongside borderless cryptocurrencies like bitcoin?

This paper is a three-part research on CBDCs inside the context of the evolution of cash. Readers will discover that CBDCs will play an essential function within the normalization of cash as a digital idea. The paper outlines a number of components that can contribute to the rise of CBDCs within the coming years, in addition to the design limitations of CBDCs that can drive demand again to bitcoin.

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