No matter how much you have saved in fiat bank, it will not make you rich unless you invest. No investment is like Bitcoin investment. Both real estate, stocks, and gold cannot be compared to Bitcoin investment. There was an argument within my neighborhood, arguing about how risky crypto (Bitcoin investment) is. One thing for sure is, some folks don't get the point that fiat currency can be riskier than Bitcoin investment. The reasons are
causes the price of goods and commodities to add over time. I.e, buying a liter of fuel for $3.100 today and buying some fuel for $4.600 the next day.
This can also make the government borrow money from different countries. However, if the economy is unstable, IMO many citizens will travel out and go to a better country with a stable economy. Also, if foreign investors leave the country, the currency will be valueless.
- Currency devaluation:[/by
When a currency doesn't have a value, it can no longer afford things that cost that same amount months back. All this can cause fiat to lose value.
There are many reasons why it's very important to keep our money in Bitcoin as an investment.
- Bitcoin is decentralized:
The decentralized nature of Bitcoin makes it very difficult for the government and the bank to have access to and control it.
- Can send Bitcoin anywhere/country on a cheaper rate:
With Bitcoin, you can send money to any foreign country at your own comfort and on a cheaper rate.
- High return on investment:
This is one of the most important reasons. If you invest in Bitcoin, you can make a 100% profit from it, mostly when you invest in the long term. Investing in Bitcoin will also give you the advantage of learning a skill, skills like trading and investment. IMO, with Bitcoin investment, you can also control your finances.
Invest only $10,000 in Bitcoin for 5 years, and you will make decent profits from it, but when you keep the $10,000 in your bank account for 5 years, you cannot use it to buy what you will use the money invested in Bitcoin to buy because the fiat value has depreciated. But the $10,000 invested in Bitcoin will yield profits, and you can use it to buy what you want to buy.
