Summary
- Blockstream CEO Adam Back emphasized that CBDCs and Bitcoin are fundamentally different.
- Adam Back stated that investors could more easily access the Bitcoin network through Bitcoin ETFs.
- He noted that the changing stance against CBDCs in U.S. politics could positively impact Bitcoin.
According to cryptocurrency specialist media CoinDesk on the 12th (local time), Blockstream CEO and Bitcoin maximalist Adam Back stated, "I don't want Bitcoin (BTC) to win," adding, "I want Central Bank Digital Currencies (CBDCs) to disappear."
He mentioned, "Products like BTC Exchange Traded Funds (ETFs) are one of the ways to make investing easier," and added, "Ultimately, more people will flow into the Bitcoin network."
He continued, "However, CBDCs are the opposite," explaining, "CBDCs do not just cause simple currency issues. They are part of a broader agenda including financial surveillance, social credit systems, and state control."
Furthermore, he noted, "Over the past 18 months, the U.S. Republican stance on CBDCs has changed drastically," adding, "President Donald Trump also recently signed an executive order prohibiting any measures by certain agencies to issue or promote CBDCs. This suggests a shift in favor of Bitcoin."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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