What Central Banks Digital Currencies (CBDCs) Mean for Bitcoin

Central banks worldwide are exploring digital currencies… Especially after the Luna/Terra mess Do Kwon created.

According to the Bank of International Settlements (BIS), nine of 10 central banks are looking into the creation of digital currencies. 

A survey by BIS found that many central banks are already developing or testing retail-based central bank digital currencies (CBDC), which are designed to be used by everyday people. 

The report, which was published on May 6, compiled information from 81 central banks in late 2021. The BIS is owned by 63 central banks that account for roughly 95% of the global gross domestic product. 

And the data showed that more than half of the surveyed institutions are running “concrete experiments” on CBDC, with 20% already in the development or retail testing phase. Overall, 87 countries that represent 90% of the global economy are developing CBDCs. 

The BIS noted that central banks are doing this because they believe CBDCs will strengthen digital payments and banking infrastructure. 

They also reportedly say that it will improve financial inclusion, the pace of cross-border payments and transfers, and drive monetary sovereignty. 

And this will only benefit existing digital currencies like Bitcoin (BTC) and Ethereum (ETH) moving forward. 

Even with the sector’s recent decline, the rising adoption of cryptos for legal tender will inevitably send the market higher, as countries like El Salvador, Zimbabwe, the Central African Republic, and Panama have all approved Bitcoin for legal use.

This not only legitimizes the use of cryptocurrency as a valid payment option, but it will also likely spur even greater demand. 

And as this unfolds, it could drive bigger economic powers to accelerate the development of laws and regulations that help push the use of Bitcoin and other cryptos into the mainstream.

Buy Alert: Invest in This Coin Before… [Details Inside]

Sponsored

When Ian King recommended Binance on May 4, 2020, he knew it’d soar higher … and sure enough, it went up 1,061%.

When he recommended Solana on December 17, 2020, he knew it’d soar higher … and sure enough, it went up 1,934%.

And when he recommended Terra on December 17, 2020, he knew it’d soar higher … and sure enough, it went up 18,325%.

Perhaps what’s most amazing of all – these gains came within a year.

Here’s why I’m telling you this …

Today, Ian issued a new “buy alert.”

He’s calling this one “the greatest investment in history,” and adds: “All my data is clear. It will be 20X bigger than bitcoin.”

But you’ll want to invest before the upgrade date.

Click Here to See How You Can Buy This Coin With as Little as $20

P.S. Cathie Wood says this Next Gen Coin could rally 7,200% by the end of the decade. Get all the details on this coin by going here.

$2 EV Stock No One's Talking About

This company is a sneaky EV play that no one’s talking about. They’re producing an odd variation on the traditional EV that has consumers raving.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

Enter your email address to receive the video that reveals it all.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

53-cent Biotech Stock with $2 Price Target

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

Enter your email address to receive this company’s name and ticker symbol for free.



By submitting your email address, you give Stock Market Junkie permission to deliver the report or research you’re requesting to your email inbox. As a bonus, you will also get a free subscription to one of our carefully selected marketing partners. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works