Post
Topic
Board Bitcoin Discussion
Re: Why something like Bitcoin is needed to preserve wealth now more than ever
by
Ishicryptic
on 13/04/2025, 17:14:07 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.
Bitcoin will take over from fiat in the future, we will see more usage of it for international trades than the popular US dollar, this is will be so because it is decentralized and a hedge against inflation. Countries wants to reduce their dependance on the US dollar as a globalized currency because it is centralized, a property of the USA, the best alternative is none other than Bitcoin, also it is an asset to be held as a reserve. For individuals, most people are realizing that leaving their money in the bank for a long term is a mistake, it is vulnerable to inflation while Bitcoin is a hedge against inflation and a store of value.