As you likely know, one of the primary functions of the Federal Reserve is to manage the United States’ monetary supply.
And right now, it’s hard at work creating a next-gen digital dollar.
It’s a new form of digital money that could one day replace the paper money in your wallet.
This new currency is called a central bank digital currency, or CBDC for short.
And whether you like the idea of a completely digital currency replacing your dollars or not, it’s coming soon.
In today’s video, I discuss these CBDCs and highlight their pros and cons.
It’s shocking there are cons, I know. But there are.
(If you’d prefer to read a transcript, click here.)
Regards,
Research Analyst, Strategic Fortunes
Morning Movers
From open till noon Eastern time.
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