Post
Topic
Board Economics
Merits 1 from 1 user
Topic OP
Use your money wisely. Invest or Deposit ?
by
Marcellin9
on 09/12/2022, 06:00:08 UTC
⭐ Merited by OgNasty (1)
Now you have $100,000 in your account, pure savings, and you don't need this amount of money to cover your daily expenses. Obviously it's good/free money to use at will. Let's say if you deposit the money into a bank and the annual interst rate is 3%, you will get a steady interest income year by year. If you use this money to buy Bitcoin, let's say the BTC drops to $17,000, you'll buy less than 6 Bitcoins. In the long run, what would you do with this money ? And why ?