Central Banks moving forward with issuing CBDC while also BUYING ₿itcoin! 👀💰🏦

This is not surprising. The Central Banks want us using a CBDC they control, while themselves stacking scarce reserves, like ₿itcoin, that cannot be controlled.

They aren't just buying up Decentralized ₿itcoin either, Central Banks are buying up Alt-Coin Cryptos and investing heavily in Crypto Exchanges, obviously with the goal of controlling them ahead of the CBDC roll-out, not just as a reserve.

We've already seen this happen with Ethereum (ETH) when it switched from 'Proof of Work' to 'Proof of Stake'. And we all know who holds the largest stake in ETH: Big Banks. Vitalik Buterin (Ethereum's founder and CEO) basically flipped the middle finger to its miners and community and sided with the whales. Banks control Ethereum now.

This is a problem with all Centralized Cryptos: they have a CEO or a Corporation running the network and issuing the coins. This leaves them wide open to be threatened or bribed to control and change the direction of their Crypto. Changes can be made at a whim. Forks will develop without any input or OK from the larger community that mines or holds the Crypto.

₿itcoin has no such failure point. It is completely Decentralized and a runaway train. Prices for ₿itcoin are controlled purely by market forces. There is no CEO or corporate entity running ₿itcoin or issuing coins. Changes cannot be made to the coin. All forks must be made by way of creating a new Cryptocurrency that is not ₿itcoin (see: Bitcoin Cash (BCH) & Bitcoin Satoshi's Vision (BSV)). This is not only lucrative to Central Banks as a long-term reserve to hold, but also a major threat if the public at large refuses to adopt CBDC and keeps buying ₿itcoin instead.

The Central Banks understand this. They want to control the coins that are Centralized (Crypto) and hold the coin that is Decentralized (₿itcoin). All for their benefit of maintaining power over the people.

► BIS Central Bank Crypto Custody Standards: https://www.bis.org/bcbs/publ/d545.pdf

- TIMESTAMPS -
0:00 Intro
0:46 About The Standards
3:13 Types Of Crypto, Risks, Limits
6:07 What ‘Stakeholders’ Want
9:56 What Will The BIS Watch?
13:28 The Fine Print
17:58 What Does It Mean For Crypto?

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