Agreed that crypto "will be orders of magnitude larger."
There are many of us that want to live outside the control system but also take advantage of some of the conveniences or value the system offers. It appears obvious that CBDC or fiat will be needed to access these conveniences and valuable products/services.
CBDC, in my view, is a bunch of hot air. Countries are going to realize they do not get much bang out of them. After all, most of the USD and EURO are already digital.
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They are not looking for a bang, they are looking for control. I listened to Agustín Carstens, from the Bank of International Settlements, and it is all about control. Controlling peoples spending.
How much you spend on food, alcohol, medication, etc.
They will come and they will tighten controls over time for our own good. LOL
This is why DAOs and privacy cryptos are vital to building an alternative or additional economy. IMHO