Re: Do you think in the future most households will put more than 5% of their earnin
When you look at the US inflation, it is almost hard to believe. In 2020, your $1,000 is actually worth $1,040.12 in 2021 money due to the 4.99% inflation. This is calculated by BLS and uses the consumer price index.
To put it in a 20 year context, your $1,000 back in 2000 has the same buying power of $1,563.27 today. But if you left it in the bank and collected a tiny interest over time, your actual money has depreciated over the decades. For other countries like the UK, their inflation is actually worse. £1,000.00 in 2000 would be equivalent to £1,726.63 in 2021.
Rather than having your fiat currency in the bank, wouldn't it make more sense just to store it in bitcoin? For people planning on retiring for the next 20 years, aren't you worried about the rapid inflation in your currency? Typically the US experiences a 2.5% inflation every year but with this year it has risen to 4.99%.
To put it in a 20 year context, your $1,000 back in 2000 has the same buying power of $1,563.27 today. But if you left it in the bank and collected a tiny interest over time, your actual money has depreciated over the decades. For other countries like the UK, their inflation is actually worse. £1,000.00 in 2000 would be equivalent to £1,726.63 in 2021.
Rather than having your fiat currency in the bank, wouldn't it make more sense just to store it in bitcoin? For people planning on retiring for the next 20 years, aren't you worried about the rapid inflation in your currency? Typically the US experiences a 2.5% inflation every year but with this year it has risen to 4.99%.
slowing inflation is not easy so yup. you need some sort of investment program to catch the inflation. wouldn't it make more sense just to store it in bitcoin? my answer is yes but dont all in all of your money into bitcoin
the key is keep diversify on your portfolio not just on crypto and start make small business
and anyway talk is easy
me itself still struggling to make money