A Wiser Retirement®
From retirement strategies to investing tips and financial planning guidance, our goal is to empower you with the knowledge you need to make smart financial decisions. Join us every week as we simplify complex financial topics, share real-life success stories, and guide you on your journey to financial independence!
A Wiser Retirement® Podcast is produced by Wiser Wealth Management, based in Marietta, Georgia. We specialize in Wealth Management and Flat Fee Financial Planning. To learn more about our services, schedule a complimentary consultation to meet with one of our financial advisors: https://wiserinvestor.com/schedule/.
Disclosure: This podcast is strictly for informational purposes only and is not to be considered as investment advice or a solicitation to buy or sell any financial products, securities, digital assets, or any other investment vehicles, or a basis to make any financial decisions. Wiser Wealth Management, Inc. is a registered investment adviser with the SEC. The hosts and/or guests may personally own securities, digital assets, or other investment vehicles mentioned on this podcast. Neither the hosts nor guests of the show are compensated for their participation and no referral fees are paid to or received by any host or guest for clients, listeners, or similar interest. Investments involve risk, and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser, tax professional, and/or legal professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
A Wiser Retirement®
93. Digital Assets: A US Dollar Crypto?
Once a month, we take a deep dive into all things cryptocurrency. On this episode of A Wiser Retirement Podcast, Casey Smith and Robert Swarthout talk about crypto performance at the end of 2021 and start of 2022, inflation, CBDCs, a US Dollar crypto, and regulation. There was a great deal of volatility during January 2022 in the cryptocurrency market. Will there be a US Dollar Crypto?
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Crypto Market Update
2022 began with a lot of volatility in the cryptocurrency market. Bitcoin had an approximate 45% drop from its peak in November 2021 at $69,000. Since that period of time, the total market cap is down around 35% as well.
Digital Dollar: CBDCs
There have been several countries over the past year and a half that have announced they are doing trials for a CBDC (Central Bank Digital Currency). A CBDC on some form of a blockchain allows the non-banks to come into the financial world at a cheaper rate than they would otherwise. China is one country that has rolled out a CBDC. CBDCs can be designed a number of different ways. China's CBDC is designed to have a lot of surveillance built into it, meaning your receipt data is shared with that CBDC.
Executive Order for Cryptocurrency Regulation
Cryptocurrency is so global, that if regulation laws are put in place in the US, those laws will only regulate transactions on US soil for citizens and businesses.
Inflation
In the US, we have dealt with inflation for over the past year. The supply chain has been disrupted, which is causing a number of issues that affect almost everyone. BlackRock has predicted that inflation will continue to stay around 7% till the end of 2022, then we will see it taper off as supply chain issues get fixed.
Measuring Cryptocurrency
Market caps are a not a good way to measure cryptocurrency, because they are a relic of traditional finance. New metrics will have to come along to measure these things, and track how well they solve problems or how much volume is going through the system.