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.
In my opinion there is always some risk to place money in Bitcoin or hold them in a fiat savings account. Because bitcoin is volatile. Don't place your whole money. You can keep some money in Bitcoin for long term investment. Then you can get profit from it.