If you have been keeping money in your bank, I think it is high time you reconsider. You see, the inflation rate around the world continues to spike, although it isn't as if the world's economy has been good, but the pandemic and the recent attack on Ukraine by Russia has fuelled the entire issue. Talking about the price of fuel (gas/petrol) as some countries call it is also another worry.
You see, the rise in price of everything is getting scary and preparing people for a recession ahead. In underdeveloped countries, the talk of bankruptcy isn't something that can be overlooked. The world is really becoming a mess, and it is at this point that you start to wonder if you are doing the right thing, keeping your money in the bank.
Prior to cryptocurrency, the world believed in buying Gold and keeping it as a store of value till the economy becomes stable but now, we aren't in the gold investment era, we are in the cryptocurrency era. Your money is more valuable in a crypto asset with visible community who are able to vote on governance and monitor issue of currency, than in the hands of a centralized government whose central bank in the business of printing money with the hope of solving the problem.
The purchasing power of any fiat will keep dropping due to inflation, but this isn't the same with cryptocurrency. Cryptocurrency is decentralized, and a lot of cryptocurrency have a finite supply, as well as there are no unending printing of coins/tokens in the crypto world. The fiat currency can't be trusted seeing that it isn't backed by anything but trust on the central bank, but it is no doubt that a lot of us do not even trust our government to decide for us. Why will you have your money in the bank with the government you do not trust during an unstable economy, don't you think you should harness the benefit of cryptocurrency?
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