If you answer is yes ! Then let me ask you the next question. Are you scared of an upcoming financial crisis like we’ve never seen before ? If you answer is yes to this question as well then I think it’s worth reconsidering the answer for question one.
The way I view my crypto holdings is not only like an investment, but more importantly like a hedge to the market. Try stuffing your money right now into the stock market, housing market or any other fiat bubble, and I think it will be a big mistake as a crash is on the horizon.
The reason why I say this is because the current fiat based debt system is doomed to fail. We are coming closer and closer to the real value of fiat, which is the value of the paper it is printed on, hence the saying paper backed money.
I don’t want to be a slave to this system, where bankers eat lobsters while others are starving. I heard a quote some time ago;
“Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world.”
I think it was from the series MR. Robot, which I can strongly recommend, and that actually reflects a lot of what I’m saying in this post.
The bottom line is that in this godforesaken market, it is crypto that is making me feel like I still have some power to control my own destiny. The value of crypto right now is low in fiat terms. But what will happen when the market crashes and fiat money become worthless ? If you know the right answer to this question, maybe we are not in such as bad spot after all “, what do you think ?
This is not financial advice. Just my own humble opinion.