I anticipate CBDC being something for the peons to use, not the elite. Yes, the government can monitor transactions, but it currently has to jump through a lot

I anticipate CBDC being something for the peons to use, not the elite. Yes, the government can monitor transactions, but it currently has to jump through a lot more loopholes to do so. I understand and agree with your sentiment, with the additional point that smaller banks are also going to be made obsolete if a CBDC is rolled out. But the wealthy and connected will most certainly have their own way of getting around the system. Whether that means moving their money into physical assets, or onto the market, I don't know. I don't think cash is going to go away, but I do see the government incentivizing regular people to solely use CBDC, and once you're on that system, you are a serf.