Its true as why leave money in the banks these days as you would have doubled your money by investing in the market since 2000. Its a no brainer as surely will just keep growing. I saw an article last week that said the average Irish citizen is worth 100k plus ....that's if you divided the country's wealth between everyone. Pure nonsense really just like a similar article said if Jeff Bezoz divided the gains in his wealth that he made just in 2020 between all his employees, each employee would be worth 900k approx. Off topic just like the thread titled stock market ko'd by Covid. It may have stunned it but the market is still floating like a butterfly.
Well money in the banks is dead money - this much is true. Year on year dead money is being killed by inflation.. Inflation reported by the governments is typically about 1-2%, but this is CPI inflation. It excludes things that you would actually want to buy to increase your wealth. If you include those items in the inflation calculation, then the true inflation value is closer to 20% right now.
The problem is that the average person doesn't know where to put their money and doesn't have access to the sort of money required to buy certain assets. So the poorer stay poorer. This is why I really want people to take a look at Bitcoin.
It's the only real opportunity for the lay person. Nothing else offers a comparable risk/reward ratio, so for people to dismiss it out of hand based on a media narrative smacks of ignorance or arrogance. Ultimately, Bitcoin will keep on doing its thing, it just doesn't care what people think. Every 4 years, its value increases immeasurably. It would be wise for people to invest some time into understanding it, to do their due diligence & recognise that there is an opportunity to protect our wealth, especially in this time of Covid and all the job losses that have happened and will happen even more so next year.
It's sad that I write this in good faith, knowing that a mod could shut the thread down again. But it write it in good faith that people can find a way to protect their money and maybe even increase it. That must be better than the alternative of losing purchasing power at a significant rate.
Today, like clockwork Bitcoin reached $17,800. Its ascent is only beginning.
