Cryptocurrency's Split Personality

March 31, 2022
Is it a currency? Is it an investment? Can it be both? Schwab's Randy Frederick joins the podcast to discuss what investors need to know about where cryptocurrency may be headed.

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After you listen

Everyone has a thought on cryptocurrency. Some think it's the future. Some think it's a fraud. Some think it's just baffling. At the end of the day, investors have more questions than answers. Randy Frederick, the managing director for trading and derivatives at the Schwab Center for Financial Research, joins Mike Townsend for a wide-ranging discussion about the elusive nature of cryptocurrency, its growing popularity, the positive and unsavory ways it is used, and what the future of cryptocurrency looks like as the U.S. government takes steps towards regulation and the development of its own central bank digital currency.

Mike also discusses the many positives for retirement savers in the "SECURE 2.0" bill currently making its way through Congress; unpacks the SEC's just-released rule proposal requiring public companies to divulge information on how they are impacting climate change and how climate change could put their business at risk in the future; and considers signals the Fed is sending that it may soon speed up the pace of interest rate hikes.

WashingtonWise is an original podcast for investors from Charles Schwab.

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Important Disclosures

The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.

Digital currencies, such as Bitcoin, are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal‐tender currencies and regulated securities have. Due to the high level of risk, investors should view Bitcoin as a purely speculative instrument.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.

All corporate names are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.

International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.

Currencies are speculative, very volatile and are not suitable for all investors.

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