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MicroStrategy CEO Michael Saylor Predicts Banking Establishment Will Oppose CBDCs and Stablecoins Face Wind Down

Michael Saylor, CEO of MicroStrategy and a well-known Bitcoin advocate, believes that central bank digital currencies (CBDCs) will face significant opposition from the current banking establishment. Saylor predicts that the introduction of a CBDC would disintermediate all banks, starting with the big banks and trickling down to smaller ones, thereby disrupting the prominent role of banks in the financial sector. Additionally, Saylor foresees a bleak future for USD-backed stablecoins, as regulators will likely clamp down on any non-KYC digital dollars.

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