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I mean some people are stupid enough to put the entirety of their retirement fund into crypto. Lesson #1 of investing is have a diverse portfolio.
Don't be too hard on them for doing that. For many this is the only way they can ever hope to own a home, their labor is no longer enough.
Thank you governments and CBs for putting people in this situation. You fucks.
That. Moreover, some of us actually want money with freedom.
(Besides, anyone who holds stocks hedged with anything tied to “safe” U.S. Treasuries is in for a surprise whenever the petrodollar system finally implodes. Next decade? Next year? Tomorrow? Nobody knows, but the house of cards has only been built ever-higher for almost a half-century. Whenever that hits, whether it hits you or your children, it will make that “diverse portfolio” look like diversifying your BTC to be balanced with some SHIB, some ICOs, some Bored Ape NFTs, etc.)
Spot on, which is what BTC is all about and while I'll always own some (gold too) it's insurance. Just happens that some times this insurance makes you a lot of money.