Many people I know formed a bias that cryptocurrencies are inherently risky and you shouldn't invest in them more than you can afford to lose.
I agree with the above statement in a certain extent, but I'd like to ask the community. Is it riskier to place your money in Bitcoin or hold them in a fiat savings account? What's your opinion?
So curious to see the response especially today when we live in times of crisis.
Undeniably, the unstable and volatile nature of bitcoin make bitcoin investments riskier but what in the world is not risky now a days. If we compare fiat saving accounts with bitcoin investments then obviously fiat saving accounts are better in terms of safety but if bitcoin investments are done wisely they can provide us with higher returns than fiat saving accounts.So no doubt it is risky but according to me this risk is absolutely worth taking.