"Hmmm, it could be, but I'm afraid the public won't be interested in BTC either."
During a chat with Patrick Bet-David on YouTube channel Valuetainment, Michael Saylor, co-founder of Microstrategy and a staunch supporter of Bitcoin (BTC) discussed whether central bank digital currency (CBDC) will pose a threat to the digital asset.
Saylor said CBDC could encourage many individuals to start thinking about what kind of money they could own like BTC once the world transitions from cash to CBDC in the future.
Although most individuals and politicians strongly oppose CBDC, Saylor truly believes and is optimistic that the digital currency has the potential to bring many benefits to various parties.
While he also gave an example of a situation where someone going through airport security but carrying $100,000 in cash or $100,000 in gold was not allowed to leave at all and both assets would be confiscated, but not for BTC.
Meanwhile, Saylor, who doubts whether politicians will reach a consensus on the US CBDC in the near future, has questioned the government's ability to produce a digital dollar from a technical perspective.
Even so, the Federal Reserve (Fed) has not yet announced any plans for a US CBDC, however it may become a hot topic during the presidential election debate.
Following the opinion that the government will track and control people's transactions through the CBDC, Saylor revealed that it could give BTC an opportunity to become more popular because of its assets that are not controlled by any party.
