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Fiat is trending towards 0, and our buying power is going away faster and faster. The only way to get ahead is to invest. Let’s talk about beating inflation, what inflation is, and where crypto comes into play.
This is my 532nd episode/article. I put a great deal of work into this content so if you find it valuable, please do like, share, comment and subscribe!
With inflation being the highest it’s been for so many years in the US and Canada, the problem with fiat currency is becoming much more pronounced. You don’t see the need for crypto as a solution to our outdated economics if you don’t see the original problem. Given the price of food and gas has been consistently going up and people have taken notice this is a great time to address why crypto and scarcity assets are the solutions. https://twitter.com/btcKaz/status/1532145279306240002 - This tweet accurately sums up my thoughts on inflation and store of value.
In the US inflation was recently reported to be 9.1%, this means that you have to either get a yearly raise of at least 9.1% to break even without spending more and or you have to invest and earn a return above 9.1%. The point is that it’s becoming much more apparent that you have to put in increasingly more work simply to not become poor. Scarcity assets are one of the few ways that you can appreciate value and protect your wealth.
With average stock returns being reported as anywhere between 4-10%, you are barely able to profit with traditional investing. While investing at all is way better than just saving which will likely put you at a loss in buying power and actual wealth value, you almost need to patronize more risky investments like cryptocurrency in order to turn a worthwhile profit. The flip side of this is people who are basically gambling by speculating on random altcoins in the crypto space with little research and experience.
All I want to instill with this is that I expect investing is going to become more and more necessary and while currently, so few people take their finances seriously by budgeting, investing, etc., more people are going to be forced to become more financially competent. You’re better off to learn and start building those financial skills now as opposed to doing it out of desperation later.
Is fiat reliable or sustainable? Is crypto the solution to this or is it something else? What should you invest in? Let me know what you think about this in the comments below and don’t forget to subscribe!
*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*