In this episode, The Annuity Man discussed:
- The CBDC initiative
- The taxing of cryptocurrency
- Cryptocurrency is not going away
- How blockchain can affect annuities in the future
Key Takeaways:
- Putin using cryptocurrency to thwart US banking has led the administration to be aggressive with going in the direction of digital currency.
- Since the government is taking a huge interest in blockchain due to current events, there might be a possibility that the government will tax cryptocurrency in the future.
- Cryptocurrency may not have any intrinsic value, but it’s not going away. It’s just a matter of time before governments go in the direction of blockchain.
- There is hope for blockchain, and that is if the technology is used for pooling money, risk, and offering contractual guarantees.
"In the future, I think blockchain and this Central Bank Digital Currency strategy by governments are going to open it up and the products that will be coming up, I can’t say what they’ll be, but they’ll be pro-consumer because they’ll be transparent. " — Stan the Annuity Man.
Connect with The Annuity Man:
Website: http://theannuityman.com/
Email: Stan@TheAnnuityMan.com
Book: Owner’s Manuals: https://www.stantheannuityman.com/how-do-annuities-work
YouTube: https://www.youtube.com/channel/UCCXKKxvVslbeGAlEc5sra2g
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