Here is why CBDCs won't be a game changer and won't be a threat to Bitcoin

There is a lot of talk about how game will be over for BTC once CBDCs are released.

I think people do completely overestimate governments and CBDCs.

First of all CBDCs will just be digital fiat which already exists and apps and with digital banking and credit cards.

Second CBDCs won't be very popular. Imagine the government launching their own social media platform to make sure that content shared complies with what governments think matters.

How any people would like govbook?

The government can't even launch their own healthcare website, thinking they will create a competitive digital app is naive.

People don't use Bitcoin because they want to transfer money over the internet and it does a better job than credit cards or paypal. They use it because they don't have credit cards, they want to control their own money, they want irreversible instant settlements, cross-border transactions and they want to protect themselves against monetary inflation.

CBDCs will be highly limited by KYC, likely restricted in many ways, have no privacy will be used to manipulated behavior, will be censored, have geographic limitations, will be highly inflationary and can be confiscated at any time and will not be an open protocol. CBDCs will be local and can't be universal internet money.

The central banks are deluded if they think they will be able to compete with a popular open source software.

CBDC will likely be used to send people money to keep the failing monetary system running and people will have an account to receive some cash. It won't be the currency of the internet, a store of value or a place where people will put their wealth or something that companies build their business on. Just another stale government app.