Rebecca Walser, CEO, Walser Wealth Management, explains how crypto could replace the dollar and what it means for you.
Transcript:
CAROLINE WOODS: What’s the new currency?
REBECCA WALSER: The new currency is going to be some kind of blockchain, right? Some kind of blockchain where we don’t necessarily need a global world reserve currency. If you look at the USD and forex, it’s already dropped precipitously in the last 10 years. In the last five years it’s been exponentially dropping. So the new currency will be bidirectional trade between countries and maybe their own individual stablecoin of their own crypto of their own central bank digital currency.
So are you buying crypto right now?
Absolutely always. What specifically. I mean, I of course I love the grandfather of Bitcoin, but I think XRP, Ethereum is a really smart contract platform. So again, everyone needs to be exposed to the fourth Industrial Revolution on all of the technologies that are available. Just understand that. That doesn’t mean it’s a sure bet, and it’s not going to go straight up from A to Z. It’s going to have volatility. And certainly retrenchment is going to be part of that.
CAROLINE WOODS: Do you wait for a pullback to buy Bitcoin?
REBECCA WALSER: I mean it is 118 something right now. So it is pretty high. I mean, we have seen it. If we start to get any kind of Federal Reserve consultation it probably go higher. Right now it’s testing as a use case for inflation protection and hedging. Right so I do think that Bitcoin long term is way above $118. So but just remember it could take years and it could have retrenchment as well.
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