Analysis: The central bank's digital currency is about to launch, or it will spawn a bitcoin big bull market

According to the media today, the deputy director of the People's Bank of China, Mr. Mu Changchun, delivered a speech at the 3rd China Finance Forum for the 40th Yichun Forum, saying that the central bank's digital currency (CBDC) is on the horizon. This move is seen as a manifestation of China's initiative to respond to the Libra challenge. The introduction of the central bank's digital currency may give birth to a bitcoin big bull market. The introduction of the central bank's digital currency may prompt the value storage attributes of some existing cryptocurrencies with stronger consensus.