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HomeCrypto NewsBitcoin Vs. CBDC: VanEck Advisor sides with BTC Adoption

Bitcoin Vs. CBDC: VanEck Advisor sides with BTC Adoption

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Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

The BRICS recent announcement was based on the creation of an independent payment system based on digital currencies and blockchain technology. However, VanEck advisor, Gabor Gurbacs strongly disagreed. Instead, he urges the countries to adopt Bitcoin instead of the CBDC. Gabor took to the X platform to voice his perspective stating, “Countries should just adopt Bitcoin instead of creating flavors of CBDCs”.

An alternative monetary system, free from governement control and political influence, which will be convenient for everyone is what is required currently, as per some experts.

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