56 min

Digital Currency and the Decline of the US Dollar Hard Asset Money Show

    • Investing

We have central bank digital currencies that are now widespread in development. Many are piloted. Some are deployed. Some are in full-scale use. Here in the United States we've rebranded it as a digital asset that has tokenization, which is a unique serial number that identifies a digital token. That is a piece of code that then creates a unit of value that people then can say I've got this many tokens this many units and it gives me the ability to spend in places of which the government allows me. That's a centralized system Bitcoin is decentralized. So I want to make sure that everybody's clear about this. We do not want Bitcoin to be gone.

We have central bank digital currencies that are now widespread in development. Many are piloted. Some are deployed. Some are in full-scale use. Here in the United States we've rebranded it as a digital asset that has tokenization, which is a unique serial number that identifies a digital token. That is a piece of code that then creates a unit of value that people then can say I've got this many tokens this many units and it gives me the ability to spend in places of which the government allows me. That's a centralized system Bitcoin is decentralized. So I want to make sure that everybody's clear about this. We do not want Bitcoin to be gone.

56 min