We know that the central bankers of the world are getting ready to introduce CBDC’s. It is just a matter of when and how. I believe that this Biden proposal about requiring the banks to report on accounts having at least $600 of annual activity is a prelude. First, it serves as a trial baloon to see how much pushback occurs, but more importantly, it gets the process started. Here is what I mean. In anticipation of it being enacted, more people will lower the amounts of money kept in banks and other financial institutions. It may start slowly at first but eventually it will increase dramatically. This is going to both get people to hoard cash but more likely put money into real estate, investments etc. When the declinning balances get large enough the FED will introduce the CBDC under one of two pretexts. Either, a dangerous drawdown in bank deposits which they will say they need to halt(bank run) or that people are showing that they don’t need banks anymore by taking most of their money out of the system, so let’s make it more efficient by going digital. Sometime in the new year this is probably going to begin.