Part 6/12:
Looking beyond the U.S., the speakers discussed how Bitcoin interacts with global power dynamics. China’s development of central bank digital currencies (CBDCs) and its international trade strategies threaten to undermine dollar dominance. Countries like El Salvador, which adopted Bitcoin as legal tender, exemplify how nations can leverage the technology to reduce reliance on the dollar and assert economic independence.
The conversation warned of a looming "digital currency race," where nations with authoritarian regimes could deploy CBDCs to control their populations and global trade. Bitcoin offers an alternative—a decentralized option for developing nations to bypass traditional financial systems and resist foreign influence.