The Financial Elite: Bitcoin Bad, CBDCs Good, Stablecoins Meh

Central Banker attitudes on cryptocurrencies will affect adoption of Bitcoin, Ethereum, Stablecoins, and other tokens.The BIS and Central Banks are open to fintech innovation but have a deep desire to control all transactions within their systems.Our financial elite are not friends of cryptos, and have special malice towards Bitcoin. Stablecoins may be tolerated if acceptably regulated.This is ultimately a monetary policy battle. Either CBDCs will further government dominance in potentially anti-democratic ways or user controlled crypto products will preserve individual sovereignty.