Will Bitcoin last in a world full of central bank digital currencies?

Its seems to be the big subject at the moment with most central banks talking about the rise of digital currencies. Bitcoin made its rise on the underground of the internet being used for illegal purcheses including drugs and arms. Since the pecarious begining, the rise has been remarkable as the digital money hit the mainstreme. There is a natural fear that digital money could replace fiat currencies amoungst central banks.

Why are central banks scared of digital cash?

The main function of a central bank is to control money supply, set interest rates and manage things like inflation. Looking closer into central banks they also manage the fluctuation of the currency markets, whether they like it or not. If they add to supply via QE or any other mechanism their currency will depriciate. On the other end of the scale, if they raise interest rates their currency could rise. If digital currencies become the future then they would lose this power. The European…