Post
Topic
Board Bitcoin Discussion
Re: Parents on childs savings bank accounts are waste of time if not saving on BTC
by
Fara Chan
on 15/06/2024, 10:19:16 UTC
Basically we save money so that we don't lose to the rate of inflation, moreover we have bigger profits. In ancient times, the movement to save in banks was an action that needed to be spread, but in the past the situation and conditions were different from today, especially for young people who know Bitcoin, they will not save in banks, because investing in Bitcoin makes our money will increase, so that with these profits the banks will be increasingly abandoned

In the past there were many people who did not understand investment matters and also the correct direction of saving money, so we found many people who saved money in the bank. Because they don't realize that saving money in the bank is an attempt to give our money to the bank to be managed through rules made by the bank and the customer does not get any benefit in any form. And now for the millennial generation who are already familiar with the best assets including Bitcoin, of course they no longer want to save money in the bank even though they still use bank services when they want to send only a certain amount of money.

Apart from that, the disadvantage of saving large amounts of money in the bank is when inflation conditions continue to occur and increase in size in the country we live in today. So the value of money always tends to fall, causing all bank customers to slowly become poor and this is still not realized by some people whose knowledge is still very limited regarding how to save money correctly. So some of those who are like that still continue to trust the bank to manage their money in the long term, even though the bank itself is also investing in a clearer direction by relying on money from their own customers.