Never underestimate the power and speed of governments. Look at all the regulations that happened during Covid. It all happened extremely quickly to the point where some people and businesses didn’t even have time to react.
So don’t expect CBDCs to happen at a slow and expected pace. Governments will give us extremely short notice and many of us will be taken off guard.
DeFi is the only way to counter this encroaching menace (at least for now) and investing in DeFi now should be a top priority for all.
Aside from the fact that DeFi will give us control over our personal funds and investments, the aspect of self-governance will boost the value of DeFi like never before.
Never underestimate self-governance. When AAVE holders can vote on creating a new stablecoin for their platform, that’s added value
When BitDAO holders are voting to create an independent L1 and boost the utility of their holding, that’s added value
When Curve holders can vote on improving liquidity in their pools, that’s added value.
In a world where every single transaction you make is controlled and monitored by the government, self-governance and freedom of investment will be of top value for all societies in the world and the only way to achieve that is through complete decentralization.
I can’t stress this enough but BUY INTO DEFI ASAP. You might think you’ll have time and that everything is to be expected but history shows us the exact opposite. Everything of this sort happens at a whim.