One day you may be forced to decide if you want to keep money as CBDC
if you want to go all in crypto without ever cashing out. What will you chose?
It still seem unrealistic yet, but in few years who knows what decisions we will be forced to make. With possibility of removing cash by governments and going all into electronic money, especially into CBDC investing into crypto may be impossible or very limited. What if CBDC will have expiration date? Before decisions will be made we may heve short amount of time to go out of crypto or go all in.
Will you keep money in bank, where it will lose value, could be frozen or taken by government at any moment leaving you with nothing to buy food or pay bills and will make it impossible to buy crypto or invest or before that happen will you put most your savings into crypto knowing most likely you will be unable to cash out in short term without moving to some foreign crypto friendly country?
First option seems but safer and will be more legal and probably will be the thing most people will chose. Like always they will follow government telling them it is for their own good, and lose all control over their money, they will most likely unable to invest too much and have savings, that's the goal of governments and banks. People that can lose all money with one button click will never dare to protest. Second option is riskier, but it may be only chance for many people to be financially free and run from their oppresive country.
Personally I would chose option two. Cause why not? CBDC would take all my freedom, inflation and expiration date would mean I would have no savings, so going all in crypto seems like good bet, otherwise those money would be lost anyway. I know I would be unable to cash out without repercussions from government or banks, but I don’t exactly care. I would move out to some crypto friendly country, opportunity for better life would be worth the risk.
What would you chose?
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