American Gerald Celent, a well-known trend forecaster, extended his long-term forecast of a global economic collapse, which he called the financial apocalypse. He believes that this will accelerate the migration of countries to Central Bank Digital Currencies (CBDC).
According to Celent, the crash will be mainly caused by emerging global economies that are highly dependent on the dollar. This movement should happen alongside a debt crisis that should accelerate this year.
The expert also points out that governments will use CBDCs after the global economic meltdown, to try to fix the mess caused by fiat currencies. However, he also warns of the dangers of surveillance with the release of CBDCs.
received = paid
“They (the governments) are going to use this as an excuse to create another currency. They have all this debt and they have to pay it off with a new currency. With digital currency, they know every penny you spend, where you spend it, what you spend it on. They will have more control over you, but more importantly, they They will get every penny from you in tax money, meaning the tax will be collected directly at the source: earned = paid,” he explains.
Furthermore, Celent suggests that once governments turn to digital currencies, the very existence of bitcoin (BTC) could be threatened.
He noted that central bank digital currencies will put pressure on governments to eliminate any competition, and Bitcoin could be among the main victims. Based on the threat posed by the government, the analyst claims that he no longer believes in the future of the first cryptocurrency.
“I mean, something like that. [o governo mudando para CBDCs] can drop it [Bitcoin] Because when governments go fully digital. They will not allow any competition. That’s when I say, you know, it’s a different game now. Again, look at what they did in China; They banned him.”
Celente’s statement comes as Bitcoin attempts to build momentum above $21,000 after kicking off the year by dusting off FTX’s bankruptcy.