freedom2022
Recycles dryer sheets
- Joined
- Sep 24, 2021
- Messages
- 133
But we don't know how crypto would have fared during the financial crisis do we?
Or a deep recession or high periods of inflation?
Which crypto currency has had the longest life span? Has any of them been around more than 10 years?
Thank you for responding to my post.
To answer your question, bitcoin has been around for more than 10 years.
My goal is to preserve my capital.
We all know high inflation will be a new normal for several years to come.
Stocks are good investment. But, what is up will go down.
Or more likely it will go flat.
Bonds don't give us good return anymore.
Gold used to be a good hedge against inflation. However, people seem to think differently about gold now.
Real estate has its own bubble and I am not a handy guy to maintain properties.
So, I am searching alternate investments to hedge against inflation.
I used to think bitcoin was a Ponzi scheme.
After spending more time learning about it, I came to realize bitcoin can be a good hedge against inflation for several reasons:
1. Supply is limited.
2. Young people inherit trillion dollars from their parents.
3. Young people like bitcoin.