Ep 15: Will the U.S. Dollar Go Digital?
Episode description
Buckle up, because today we’re diving into the recent buzz around digital currency in the United States. As you might’ve heard, the Federal Reserve recently announced its openness to experimenting with the development and implementation of a digital U.S. dollar. While this possibility may seem daunting, there's no need to panic just yet. It's a multi-faceted issue with many layers to consider, and it is certainly not set to happen anytime soon. However, it's a topic worth exploring, and that's exactly what we're going to do today.
In this episode, we'll take a closer look at what this could mean for the U.S. dollar, why it's being considered, and the pros and cons associated with it.
Here’s some of what you will learn in this episode:
- What is a digital dollar? What might this look like? (3:08)
- How deep have these conversations gotten with the Federal Reserve? (5:08)
- Exploring some pros of this issue. (6:05)
- Exploring some cons of this issue. (10:40)
If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com.
REFERENCES FOR THIS EPISODE: https://www.nbcnews.com/politics/politics-news/desantis-rfk-jr-misconstrue-fednow-digital-dollar- plans-rcna78591
https://www.investopedia.com/us-cbdc-6740586
WAYS TO CONNECT:
Book a 15-minute discovery call with the team here: https://calendly.com/rachel-bwg
Visit https://bulmanwealth.com/marcos-lemus to learn more about Marcos Lemus and the other members of the team.
If you have any questions about what we discussed or anything else in your financial plan, email us at ask@bulmanwealth.com. You can also reach the team by phone at (916) 458-8199.