Post
Topic
Board Bitcoin Discussion
Re: Inflation may have driven me to this, bitcoin has the power to reverse it
by
Poker Player
on 25/04/2023, 04:08:20 UTC
...I started making aggressive savings apart from my pension as far back as 15 years ago keeping my money in the bank and depriving myself of so much benefits. Regrettably inflation has ruined this money for me. When I think of the 15 years I saved the money, it makes me unhappy. Learning that bitcoin started in 2009 and could not make a cent from it is another recent source of sorrowful thought these days when I read online about success stories of bitcoin investors.

The recent reality makes me see it that investment is better than keeping money somewhere for a little interest.

Well, you have learned the hard way. Inflation is the way governments steal from their citizens without most of them realizing it. You have savings that give you 1% interest and you don't realize that inflation is robbing you of 10%, which means that every year you lose 9% of your savings.

Bitcoin is a good option to beat inflation but even before it was invented, people protected themselves from inflation by buying financial assets, such as gold, stocks or mutual funds. I say this for you to consider it too, lest from now on you put everything in Bitcoin and can't sleep because of the volatility.