Post
Topic
Board Bitcoin Discussion
Re: Why something like Bitcoin is needed to preserve wealth now more than ever
by
bias
on 12/04/2025, 20:24:59 UTC
Well, keeping lump sum of money in the bank is a bad mistake that anyone would do now. We have talked about this even before now that Trump is making everything go more crazy. Keeping money in the bank is just meaningless except the person is only keeping the amount they are using for daily needs but keeping huge amount for the process of savings is just a waste of waiting time because the devaluation of money will affect your saved funds and inflation will also affect it. Investing in Bitcoin is not a bad option but also not putting all your eggs in one basket is a smart idea.

It isn't just only the inflation issue and the devaluation of anyone's money but also the danger of being in a bankruptcy situation. They are businesses, and like any other business, they can do the same and "leave the building". We have lived this situation, and back then, the governments gave people money to save them. For me, it's much more preferable to have my "savings" in a wallet instead of putting them in their pockets. Their system is rotten to the bone...