Why embracing Bitcoin would be a low-risk, high-reward strategy for Trump

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A central bank digital currency, or CBDC, was once an idea confined to water cooler conversations among economists. But last week, former President Donald Trump catapulted the CBDC controversy to the front of the campaign trail.

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Brian Morgenstern

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Observations of China's implementation of a Central Bank Digital Currency have heightened fears regarding governmental surveillance and financial control, influencing the discourse on CBDCs in the United States

Donald Trump's stance against CBDCs serves as a strategic differentiation from President Joe Biden, who has expressed interest in exploring the feasibility of a U.S. CBDC, amidst concerns over privacy and government surveillance

Former President Donald Trump has expressed strong opposition to the creation of a Central Bank Digital Currency (CBDC) in the United States

Trump's critique of CBDCs, coupled with potential support for decentralized cryptocurrencies like Bitcoin, taps into a growing demographic of digital asset enthusiasts concerned about privacy and governmental overreach

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2024

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Fortune