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�Your Money Will Be Controlled!� - Will CBDC Destroy Bitcoin?The dizzying rise of bitcoin and other cryptocurrencies has created new challenges for governments and central banks. Increasing popularity and high levels. Will private cryptocurrencies one day replace fiat? Or would governments create central bank digital currencies? Here is the debate. CBDCs are not poised to replace cryptocurrencies entirely, but they will coexist and impact the crypto landscape. Central Bank Digital.