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These countries have made Bitcoin their central currency and how the US and others are working on their own CBDC.\xa0\n\n\nCBDC's are the ultimate seal of approval of Bitcoin and other digital assets\xa0\n\n\nThe truth must come out and I need to prepare myself and my clients for what's to come...\xa0\n\n\nPeople have no idea what a CBDC is.\xa0\n\n\nA CBDC is a central bank digital currency.\xa0\n\n\nThere are many countries who have adopted Bitcoin as their own digital currency or are currently working on developing their own CBDC including the US.\xa0\n\n\nThe first step is to recognize the movement here and why it's happening.\xa0\n\n\nLast, we must understand what are the implications of this trend to our money and the way we do business.\xa0\n\n\xa0\n\nI don't believe Bitcoin will replace the dollar.\xa0\n\n\nI do believe the US will develop their own central bank digital currency soon.\xa0\n\n\nIf and when this does happen its an implied endorsement of the Blockchain and digital assets.\xa0\n\n\nOnce the space is endorsed and regulated this can be a game changer for Bitcoin and other digital assets.\xa0\n\n\nI'm asking people to wake up and pay attention to the direction of where things are going.\xa0\n\n\nThe implications can be rewarding or damaging depending on which side you are on.\xa0\n\n\nFear is not knowing what's going on when it is going on.\xa0\xa0\n\n\nI don't want you to be fearful. I want you to be informed.\xa0\n\n\nLearning the rules of the game before you're forced to play in the game is the best way to enjoy the game.\xa0\n\n\nNever play a game you don't know the rules to.\xa0\n\n\nPlaying a game for which you don't know the rules is almost always a bad idea and leads to a costly learning curve.\xa0\n\n\n\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/joesotoproject/message