Part 15/18:
He emphasizes that the more the government controls and monitors finances, the more it undermines trust in public institutions. Instead, he advocates for adoption of privacy-respecting, decentralized alternatives like Bitcoin, which naturally resist central control.
Political and Regulatory Dynamics
From Washington’s perspective, CBDCs are often framed as practical improvements rather than threats—facilitating faster transactions and reducing costs. However, the speaker stresses that the potential for state overreach is enormous, especially if CBDCs are used to implement social credit scores or restrict access to funds based on social behaviors or health choices.