According to the American digital asset manager Grayscale, CBDC’s digital central bank funds are increasing interest in Bitcoin. This emerges from figures that the company has evaluated.
Use of the CBDCs
The report, written by the world’s largest crypto wealth manager Grayscale, shows that increasing interest in CBDCs is also giving other cryptocurrencies a boost, especially Bitcoin. This should also be the case if the digital central bank currencies are not issued at all. Research at the CBDCs alone shows their limitations, which motivates investors to buy Bitcoin. The report also says:
“With public confidence in governments dwindling, this paradigm could prove to be a tailwind for Bitcoin.”
CBDC explain Bitcoin
The digital central bank funds introduce customers to the use of other cryptocurrencies such as Bitcoin. Since both currencies are digital, they have some things in common. This allows users to approach cryptocurrencies by using CBDCs. The New York company Grayscale achieved a new record high last year. Overall, he manages cryptic assets of more than $ 3.7 billion – mostly in Bitcoin.
If CBDCs are used successfully, organizations and companies worldwide are forced to set up a digital currency infrastructure. This could make it easier to pay with decentralized cryptocurrencies. However, Grayscale also warns that CBDCs are monitored and controlled by governments.