It really just all depends lol. BTC will compete with CBDCs for market share and central banks don't like competition. In a free market BTCs value would increase against the dollar at an annualized rate based upon inflation via money printing. The markets arn't markets though. They are digital casinos designed to siphon the wealth of labor from the many to the few. The order flow I think is the key to the ponzi. The ability of holders to form cartels of price movement, dictated by a harmony of mathematical precision, in order to extract incoming money from smaller firms and retail investors/traders. Say time T is a positive integer of seconds until you sell realizing losses( finalize the wealth transfer ). Institutional time T is always greater than Retail time T. So they take your orders, set price and wait. Since they are electronic and establish themselves as close to the exchange as possible, they know everything about the orderflow before anyone else. This enables their price fixing scheme. They know where the stops are. I could be wrong but I think the criminality of the US financial system is beyond the scope of most people to imagine, therefore they do not think of it or conceptualize it. The SEC is also in on the game as well.