alt Hacker NewsIndeed. The crypto crowd seems to assume that the options for your savings are cash or bank deposits, or crypto. That's nonsense. A balanced portfolio of stocks (with some bonds maybe to reduce vol and improve your Sharpe Ratio) handily beats inflation. Heck, even bonds alone have mostly had positive real yields.
This also supports and funds the productive economy, unlike crypto.
Replies
ttoinou • today at 10:06 AM
Not using your cash also helps the economy. More exchange of money means more velocity means decrease of value of the money.
By not using your cash (by for example holding crypto) you’re making the money that circulates higher value
Until you hold a passport of one of the US enemy states, which are plenty of and have permanent risk of getting your account frozen and money stolen.
Crypto doesn't have this issue.