<p>I have not invested in Bitcoin as of yet and don't have much technical knowledge on the subject on how it works in the background. I personally believe fiat currencies will all be phased out for CBDC. In this context I don't know if technically you would be able to purchase Bitcoin with CBDC or any other financial instrument.</p>
<p>My understanding is at present you can only buy bitcoin with USD, other fiat currencies are converted to USD before purchase. Is this accurate? This understanding has lead to my above concern.</p>
<p>Appreciate all feedback and technical knowledge to help me understand if its possible to create new avenues to purchase bitcoin thus ensuring its future.</p>

CC BY-SA 4.0
2020-12-22T02:29:27.753Z
What does CBDC mean?
Pieter Wuille
CC BY-SA 4.0
2020-12-22T05:23:24.123Z
@PieterWuille a 'central bank digital currency', assumedly. Apparently a central-bank run 'blockchain' is the latest and greatest in nonsensical buzzwordy ideas...
chytrik
<future-proof><fiat>
Still able to purchase Bitcoin once we have only CBDC and no fiat?
Luke Walker
# Still able to purchase Bitcoin once we have only CBDC and no fiat?

(Asked by: username_0 on 2020-12-21)

I have not invested in Bitcoin as of yet and don't have much technical knowledge on the subject on how it works in the background. I personally believe fiat currencies will all be phased out for CBDC. In this context I don't know if technically you would be able to purchase Bitcoin with CBDC or any other financial instrument.

My understanding is at present you can only buy bitcoin with USD, other fiat currencies are converted to USD before purchase. Is this accurate? This understanding has lead to my above concern.

Appreciate all feedback and technical knowledge to help me understand if its possible to create new avenues to purchase bitcoin thus ensuring its future.

**Tags:** future-proof, fiat

> **Comments:**
> **username_1**: What does CBDC mean?  
> **username_2**: @username_1 a 'central bank digital currency', assumedly. Apparently a central-bank run 'blockchain' is the latest and greatest in nonsensical buzzwordy ideas...  

---

## 0 answers

