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09 July 2020

First Mover: Bitcoin Could Get a Boost From Central Bank Digital Currencies - CoinDesk

First Mover: Bitcoin Could Get a Boost From Central Bank Digital Currencies - CoinDesk


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First Mover: Bitcoin Could Get a Boost From Central Bank Digital Currencies.

With the near-term picture cloudy, some analysts are focusing on a longer-term trend that could be surprisingly bullish for bitcoin: the emergence of digital currencies issued by central banks. .

And most central bank digital currencies, or CBDCs for short, would, by their very nature, be issued and controlled by governments, and in many cases distributed through banks. .

central bank is in the early stages of researching digital currencies, and that having a “single government currency at the heart of the financial system is something that has served us well.” .

Even so, JPMorgan said last week in a report that “there is no country with more to losefrom the disruptive potential of digital currency than the United States,” as reported by Bloomberg News

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