Chamber of Digital Commerce founder and President Perianne Boring discussed the partnership between 401 (k) provider ForUsAll and Coinbase, which will allow workers to share part of their Contributions in Cryptocurrencies on FOX Business’ “In the morning with Maria. “She argued that Bitcoin is an “alternative store of value” for people who want to save for the future and it “works”.
PERIANNE BORING: Historically, financial advisory firms, most financial advisory firms, not all, but most of them, have not allowed their clients to invest directly in cryptocurrencies. In addition, the SEC has not approved any exchange-traded cryptocurrency products either. So this is an important partnership that opens the door to this $ 22 trillion market.
But the reason this is really important is because of the current state of our economy. We are at historic inflation levels – where are you having a hard time?–Are Working Americans Going Today To Save For Their Future? If you leave it in your bank account, you know you have 5% less. Inflation is a hidden tax.
So Bitcoin has been the best performing asset for 10 of the last 12 years. It has had an average return of 200% over the past 10 years every year. And Fed chairman Jay Powell has compared Bitcoin to gold several times in reports to Congress. This is about people who are saving for their future, saving to buy their first home, and saving to bring their kids to college. This is an alternative store of value and it works.
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