Buying Bitcoin ‘will quickly vanish’ when CBDCs launch — Arthur Hayes By Cointelegraph

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Buying Bitcoin ‘will quickly vanish’ when CBDCs launch — Arthur Hayes

(BTC) holders looking to avoid Central Bank Digital Currencies (CBDCs) may have gained a surprise ally — banks.

In his latest blog post, “Pure Evil,” Arthur Hayes, ex-CEO of crypto derivatives platform BitMEX, argued that banks may limit the impact of the CBDC “horror story.”

CBDC summary chart. Source: Arthur Hayes/ Medium