Post
Topic
Board Nigeria (Naija)
Re: Invest in bitcoin or save your money in the bank.
by
Iroh
on 07/09/2025, 19:17:11 UTC
one thing you should understand is that most people keep money in the bank as a form  investing which is very wrong, note am not saying that people shouldn't keep money in the bank, you can decide to keep money in the bank as fiat to serve as emergency fund and backup fund, back to post I just made clear there that anything that won't double my money that they should count me out, and went forward to state the advantages and the disadvantages of investing in bitcoin and also the advantages and the disadvantages of saving your money in Bank, so that people can read through and their own decision.

I don't think most people keep their money in the bank as a form of investing. Except, perhaps if you put your money into a fixed deposit account. Depending on the amount of money put in and the time the money sits in that account, your money could grow overtime snd could get you some profit.
I think a good number of people keep a major chunk of their money in the bank and not just an emergency or backup fund simply for safekeeping. Much safer in the bank than under your bed  Wink