Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation.
Why not both mate? I think insurance and cryptocurrency investment is not comparable with each other because its purpose is just different. Although they can be similar in some aspects like being a contingency asset to hold to be disposed for profit when needed. Insurance is mostly used as a safeguard for things, but on the other hand, cryptocurrency investments are ventures that may go north or south depending on how it will unfold. The certainty as for their purpose are way different as well. Insurance can be claimed surely, while cryptocurrency investments are always up in the air depending on its development.