Valkyrie.
Registered Member
- Nov 19, 2021
- 89
- 53
I have the same thoughts as you on the value of Bitcoin and its usage, but it is one hell of a way to make money. Do it right and you have a much better financial status in a short period of time.Bitcoin has proven to be less effective than everyone thought and really just a pain in the ass to use. The only people begging for it are foreigners that can't work within tax codes. In the usa literally no one wants to touch the stuff in their day to day business.
Other than holding to infinity I don't see much enthusiasm as far as utilization goes.
Savings accounts pay 4% now. That is risk free and FDIC insured. Peace of mind is worth something.
Cash doesn't degrade the way fear mongers describe unless you literally put it under your mattress.
But I do agree with the fearmongers on the currency degradation and I find cash shouldn't sit in a saving account for a piece of mind either, there are other investing channels that are pretty safe, you just have to learn what will suit you.