Saturday, October 23, 2021

When do we switch?

I think most people will agree that Crypto is the future. With inflation of the USD at an astronomical level, it's depressing to watch money you have in a saving account just lose its value over time.

However, with volatility in Crypto, I'm not confident enough yet to fully make a switch to Crypto. How far are we away from Crypto being stable. Bitcoin has been around for awhile now, and the price has steadily grew, but it's unnerving to think about putting your life savings into a coin that may lose 50% tomorrow.

I have money in stock, savings, and Crypto. When do we pull the trigger on a larger switch away from USD? And would that cause a catastrophic event for the USD if we all did?


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