Which of these economic situations would you prefer to find yourself in?
A- Your salary is stagnant but prices fall. Where this happens, your real purchasing power has increased. It's called constructive deflation. And even if your salary falls, but prices fall faster, you are still ahead.
B- Having your savings taxed 2%+ a year by inflation.
Drop your thoughts
Everyone will definitely choose A because there are only two choices, but the problem is that this is just a fantasy because the reality is not like that. Because the global economy is not doing well, inflation cannot be avoided. In fact, as many people have been saying for years, minimum wage increases actually put workers back in the same position they were in a few years. A better option is to have more choices.
This is why many people don't want to save. those who are rich will buy tangible assets such as businesses, real estate and in today's digital era it is better to invest in bitcoin. Because in this way, if hyper inflation occurs, their net worth will actually increase. “So it's not surprising that rich people get richer by investing.”