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Institutions have no clear strategy to deliberately devalue the dollar to accelerate a crypto transition. People see privacy tokens skyrocketing and DEXs holding up well, but they don’t understand why. What exactly are these projects pricing in? Who are they afraid of?
If you answered “CBDCs,” you are right. The UK/EU are coming in 2026 with systems that can block your bank accounts & US will follow suit latter on, until that happens, crypto transition is going to be last on any institutional agenda :P