Mad Gains

I remember the time, before the global economic crisis of 2007-2008, when we had "crazy" amounts of interest on our savings. One of my ISAs was netting a whopping 10%! Another savings I had was brining in 4.5%! My parents were invested in some scheme that yielded something like 15% APY. Those were the golden days and, of course, it was all bound to come crashing down because those investments were almost all toxic, soiled by sub-prime mortgages and other such garbage.

In the real world, if one came across a bank account or ISA that paid anywhere near 5% these days, it would sound like a get-rich-quick scam. We are living in the 0.05% world now, which is why HBD's 10% APY outperforms every single bank account in the UK (probably the whole world).

In the world of crypto, most people will laugh you out of the room if you offered them anything less than 10% APY on their money. People are now used to seeing such ridiculously high percentages in DeFi products. Some have even been desensitised by the insane gains they've seen in their portfolios. HEX and Shiba Inu HODLers must be amongst the most jaded about % gains, am I right Hive account@elsiekjay?

Crypto has ruined investment and banking forever. Well, the youth of today anyway. After we're all trillionaires, I'd be content with going back to my 0 - 0.01% APY. I don't think anyone under the age of 25 will ever be truly happy with a sub 10% interest ever again.

Yea or nay?

Peace & Love,

Adé