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Down the road…

Snacks / Tuesday, January 03, 2023
  • The nuclear revolution… The future of clean energy could be nuclear. Last month scientists made a huge breakthrough after successfully using a nuclear-fusion reaction to generate 50% more energy than what was required for its creation — aka "net energy gain.” Nuclear fusion releases 4M times more energy than burning oil, coal, or gas and can unlock "virtually limitless" carbon-free power. While commercial use for fusion tech (think: electricity, heating homes) is still decades away, the overall market could be worth $40T down the road. It could be a green solution to prevent energy crises.
  • Central bank digital currencies take off… Last year the Treasury Department kicked the CBDC can down the road, saying it would reevaluate the need for a government-backed digital dollar (possibly powered by crypto) in 5+ years. When it does, it may need to play catch-up. China began its CBDC test in 2020, India started testing one last year, and the European Central Bank says it's looking into CBDCs. Meanwhile, the Fed is set to launch a real-time interbank payments system this year, which suggests a digital payments overhaul of some kind is already in the works.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.