AF-Detroit: The End of the American Dollar as We Know It? (Virtual)
May 27, 2021 6:30 PM - 7:30 PM
During the 2008 market crash, the government bailed out banks and financial corporations that were struggling financially. More recently, in response to the COVID-19 pandemic, government stimulus has been utilized to bring about economic recovery. All of this economic stimulus has raised questions about inflation and the value of the American Dollar.
Out of the ashes of the 2008 market crash on Wall Street came an alternative – cryptocurrencies. Starting with Bitcoin, which was originally introduced as a corporate white paper, today in 2021, cryptocurrency is growing increasingly popular.
What is cryptocurrency? A cryptocurrency, or crypto, is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in the form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
As it’s gaining popularity, it’s been met with negativity from some in the financial community. The banks have now announced efforts to start developing their own cryptocurrency, which they’re referring to as the Digital Dollar.
Does all of this mean the end of the American Dollar as we know it? Join us for a virtual balanced discussion – RSVP for the link to join!