Post
Topic
Board Bitcoin Discussion
Re: Advantage of holding Bitcoin in time of crisis
by
Betwrong
on 25/03/2023, 12:23:16 UTC
~ While people care and think about their loved ones in the time of crisis, some people also do think about their money too,
what would be the safty and the value of their money in bank during this crisis and even how to get it out  ,but if you're someone that has some of your funds stored in Bitcoin you will be less worried, and a bit more in advantage than someone who has all his funds in the bank . Take for instance the current banking crisis we have in the United States and Nigeriaw where people got restricted to access their funds, and inflation as result of war in Russian and Ukraine.

I just want to add that investing your spare money in BTC is always a good deal long term, but short term, it is not always so. By "long term" here I mean 10+ years, and by "short term" I mean something around 2 years. I think, these days, when Bitcoin is still under $30k, and even when it will be under $40k, investing in BTC will be a good deal even short term. I may be wrong, like anyone else. Use your own head. But that's what I think the current situation we are in.