It would be foolish for any serious investor to disregard cryptocurrency entirely. But does this new digital currency align with your financial and political views? Let’s go over some reasons it might be appealing to you.
Isn’t it valuable to have a store of value that no one can take away? To me, that is a precious, traditional, conservative belief.
Less government “big brother” control and oversight equals more transparency. Freedom and liberty are foundational to conservative beliefs.
This is contradictory to crypto’s transparency. In the fiat currency system, there is no transparency into past transactions, such as where your tax payments go. We don’t even have a clue how much money is being printed.
Meanwhile, the Federal Reserve is constantly printing money, “boosting” the economy. We have no idea what monetary policy will be like in the future. The Federal Reserve cannot be audited.
You don’t have to be a crypto expert to understand this: as supply goes down, price goes up.
Yes, you should consider acquiring bitcoin and other crypto if you don’t like governments manipulating your investments.
“It’s probably going to $100,000, then $150,000, then $200,000,” said Chamath Palihapitiya, founder and CEO of Social Capital. “In what period? I don’t know. [Maybe] five or 10 years, but it’s going there.”
So, should you put your money into bitcoin? Why not if you plan on making a long-term investment or creating a legacy for your children and grandchildren? Profits are integral to capitalism.
Like gold, “there’s no question that bitcoin can be a hedge against inflation, depending on the time frame of when you buy and whether it’s held or sold,” Ledbetter says.
On average, 3-month CDs (Bank Certificates of Deposit) in early May 1981 paid about 18.3 percent APY, according to data from the St. Louis Federal Reserve. (Of course this came with high inflation too.)
Compare that to current interest rates. I don’t know about you but here’s what I’m currently earning:
Cash in brokerage account: .01%
Cash in bank savings: .1%
Cash in “high-yield” savings: .5 and .8%
Wow, racking in the dough there! I would wager that you’re feeling the same pain.
Would you even believe me if I told you it was possible to earn 7 – 12% interest on a “stable” crypto investment? I’m referring to a cryptocurrency that is less risky and less volatile than bitcoin and other coins.
This article is already long enough. So please allow me to email you the details of how it’s possible to earn 7 to 12% interest in crypto with less risk.