Central Bank Digital Currencies Are Worse Than Bank Accounts and Cash
#crypto #CBDC #bank #cash #fiat #currency #blockchain #DeFi #Fed
"The CEO of a blockchain technology company Blockstream says people are better off using fiat currencies or stablecoins than holding CBDCs"--Paul Ebeling
Adam Back warns his 487,800 Twitter followers that CBDCs allow the powers that be to seize and control a person’s wealth.
“Bitcoin is apolitical, bearer, unseizable money, and that is what matters. Stablecoins [are greater than] CBDCs. In fact, CBDCs are systems of control, worse than bank accounts, certainly worse than paper cash, worse than stablecoins, and much worse than Bitcoin.”
As for Bitcoin (BTC), Mr. Back says that the Lindy effect will eventually have an impact on the market capitalization of the king crypto en route to displacing gold as one of the Top store-of-value assets.
“Bitcoin is displacing gold over time. As Lindy effect builds confidence, adoption and awareness grows. More financial institutions offer Bitcoin, and as the younger generation inherits investments and wealth – they are more likely to reallocate to BTC than gold.”
Note: The Lindy effect is a theory suggesting that the longer a technology has been around, the longer it is likely to exist in the future.
Last month, he made a prediction that Bitcoin will whipsaw traders and climb to $100,000 this yr as he believes the Fed will likely reverse its tight monetary policies before Y 2022 ends.
“Everyone has their pet macro-views. My guess: stock market + US election season, moral hazard kicks up, quantitative easing ramps up again, rates drop again, money printer goes into overdrive. So the interest rate overhang falls off, and BTC decorrelates somewhere along the way once DeFi flushed…
My permabull case for BTCUSD [is] $100,000 this year. Plus a US physical Bitcoin ETF chaser (GBTC upgrade + other) would create a nice whipsaw and probably trigger a big uncoupling and positive reflexivity into a blow off top next year.”
https://youtu.be/PfVXv7igMLU
A tip of my hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. Click here
Have a prosperous day, Keep the Faith!
Economic Calendar and Trading Strategies for the Week Ahead: July 14–18, 2026
A pivotal week for markets: US strikes on Iran reignite the oil risk premium, June CPI and retail sales test the Fed's rate-cut path, and the $1 trillion AI capital loop keeps driving the tech trade. Full economic calendar plus trading strategies across oil, gold, Bitcoin, FX and AI stocks.
Quantum Computing Just Became an Institutional Risk
Shayne Heffernan on BlackRock's quantum-computing warning for Bitcoin and Ethereum, Google's cryptanalysis research, the two on-chain risk vectors, and how KXCO's Armature L1 — post-quantum from genesis, coordinated by its ontology — answers a threat that just went institutional.
Economic Calendar and Trading Strategies for July 7–11, 2026
A trader's guide to the week of July 7–11, 2026: the US and China economic calendar, the Fed-pivot test after a soft jobs report, and how to trade Nvidia, SpaceX, Bitcoin, the dollar, gold, silver, AI and quantum. Track every release on Live Trading News.
Is the Iran War Back?
US Central Command struck Iran on June 26, nine days after a peace memorandum, after an alleged drone attack on shipping in the Strait of Hormuz. What it means for gold, Bitcoin, the defense complex — Palantir, Lockheed, RTX — and why the return of QE matters more than the bombs.
Every story, signed and delivered.
Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.