Bitcoin investors would benefit from digitaldollar launch: Grayscale CEO sonnenshein. $BTC CBDC
Besides, should the U.S. Federal Reserve launch a digital dollar, it would create a tailwind for investors in Bitcoin and other decentralized cryptocurrencies.In the course of the discussion, Squawk Box co-host Andrew Sorkin assumed that should the U.S. Federal Reserve create a digital dollar or adopt and back some other type of digital asset, that may wreck companies like PayPal, since it would be used for payments instead and would compress PayPal's margins to almost nothing.
As for PayPal, Sonnenshein added, this U.S. payment giant and companies are similar to it have already included Bitcoin and other decentralized digital assets in their business models, so should a digital USD emerge, their profits would not be harmed. "The emergence of a digital dollar or a federal backed digital asset we actually believe creates a tailwind for investors," says
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