The One Potential Benefit of Central Bank Digital Currencies: Bitcoin Adoption

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This is an opinion piece by Pierre Gildenhuysthe co-founder of a Hong Kong-based tech startup.

Central Bank Digital Currencies (CBDCs) are being actively developed and discussed in many major countries around the world, including 19 of the G20 countries and about 105 more worldwide, as shown by statistics from the Atlantic Council in 2022. They are progressing rapidly and it is expected that some countries like Australia, South Korea, and the United States will start implementing CBDCs in the near future, like China, which has recently started launching theirs in early 2022.

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